Antropology

Economies of Developing CountriesDeveloping countries are lagging behind industrialized nations imputable to historical and frugal reasons . In the 16th century , scientific advancements made in the English fabric fabrication and clever sparing strategies arrive led to England s wealth . In addition , modern pecuniary institutions bring on created dire situations for growing countries affiliate of of helping them prosperTechnological advancements in the English material pains have resulted in incr remedyd in production , which later on made the event industry flourish . The rise of levels in production meant that products can be m substructure produced quickly and expeditiously to meet the growing demands of consumers . The said industry also industrious millions of workers .[and] it transformed England into the wealthiest countries in the world (48 . Unfortunately , this technology was not available to create nations until many years later . then , the concomitant that developing countries did not possess the knowledge ass then to create the technology nor obtain the technology right away resulted in a huge gap in production and income . This is because large quantities produced in England also meant that English textile manu pointurers could export their products to more trades , which provided higher revenue for themTo ensure a market place for English textile products , the British government outlaw imported Calicoes from India (48 . This also aided the local textile industry to grow . Thus , the said industry survived by slipperiness off foreign competition . However , the same circumstance could not be said for India , in particular , because the British government imposed that English manufacturers should be admitted without tariffs in India (40 . The market control th at England has demonstrated , which also app! lies to most industrialized nations , tame the growth and expansion of foreign textile industries . This has resulted in few market shares which was directly responsible in the decline of financial income and constancy of developing nationsBesides , government intervention of industrialized nations benefited and safeguarded the fills of their manufacturers and products .

solo governments of developing nations were more concerned about gaining their independence at this point in cartridge holder and dealing with the complexities that went along with it that economic matters were neglected or set aside . Later on , catching up seemed impossible to do because as societies halt , people tended to focus on developing technical skills that allow for enable them to work in the corporate worldEqually important is the fact that modern financial institutions make it hard for developing countries to ease up off their loans . The financial interest , which will eventually pick up and get bigger over time that institutions like IMF and humankind Bank set on their loans are expensive and seem almost unattainable despite the efforts of developing nations . The interest located on loans does not seem tensile as advantageously and take into consideration the economic stability of a particular country Paying off the interest and the loan itself vertical plunges countries more into debt instead of alleviating them from economic severity . Also developing countries end up sacrificing services that they suggest to their people because renegotiation of loans normally resulted in...If you want t o get a bounteous essay, order it on our website: OrderCustomPaper.com

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