Antropology

Economies of Developing CountriesDeveloping countries ar lagging behind industrialized nations ascribable to historical and frugal reasons . In the 16th century , scientific advancements made in the English fabric fabrication and chary sparing strategies arrive led to England s wealth . In appendage , modern monetary institutions stick created dire situations for growing countries divide of of helping them prosperTechnological advancements in the English fabric industriousness have resulted in incr lightend in production , which later on made the event industry flourish . The rise of levels in production meant that products can be m privy produced quickly and efficiently to meet the growing demands of consumers . The said industry also assiduous millions of workers .[and] it transformed England into the wealthie st countries in the world (48 . Unfortunately , this technology was non available to developing nations until many years later . thence , the concomitant that developing countries did not possess the knowledge ass then to create the technology nor obtain the technology duty away resulted in a huge gap in production and income . This is because large quantities produced in England also meant that English textile manu incidenturers could export their products to more trades , which provided higher revenue for themTo ensure a foodstuff for English textile products , the British government prohibited imported Calicoes from India (48 . This also aided the local textile industry to grow . Thus , the said industry survived by slip-up off foreign competition . However , the same oscilloscope 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 that E ngland has demonstrated , which also applies! to most industrialized nations , stamp down 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 gratifys of their manufacturers and products .

solely governments of developing nations were more concerned about gaining their independence at this point in measure 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 stigma , people tended to focus on developing technical skills that will 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 in the end 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 fictile 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 misfortune . Also developing countries end up sacrificing services that they introduce to their people because renegotiation of loans normally resulted in...If you want to g et a ripe essay, order it on our website: OrderCustomPaper.com

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