This website uses cookies to ensure you have the best experience. Learn more

Industrialising Less Developed Countries Essay

2979 words - 12 pages

This essay intends to address the argument that Less Developed Countries (LDCs) cannot achieve the level of development of the Developed Countries (DCs) unless they undergo a process of industrialisation. In proposing a case in favour of this argument the industrialisation experiences of the Latin American and Asian regions will be investigated, with specific regard to the role of state intervention throughout this process. Conclusions will be drawn from these cases, specifically that through the process of industrialisation LDCs can achieve the levels of development of the DCs and this inference will be supported through the analysis of Human Development Index (HDI) rankings and scores for 2010.
The focus of this essay will be on the experience of industrialisation for three Less Developed Countries (LDCs). Within the Latin American region Brazil and Chile will be examined, as well as a brief section focusing on South Korea in which similarities between the Brazilian and South Korean experiences will be drawn with regard to the role of state intervention. The LDC category as specified by the United Nations Committee for Policy development “comprises low income developing countries which face severe structural impediments to growth. Indicators of such impediments are the high vulnerability of the countries’ economies and their low level of human capital” (Committee for Development Policy and United Nations Department of Economic and Social Affairs 2008, p.1). An appreciation, however, of the historical context of LDCs particularly with regard to the history of capitalist expansion will enable further distinctions to be drawn between the developed world and the developing world. For example, the European expansion of capitalism, throughout the fifteenth and sixteenth centuries, which was accompanied by a network of material exchanges that developed, overtime, to form a world market for goods and services and hence a colonially imposed international division of labour that was forced upon the LDCs, a concept which modernisation theorists accepted and which thus also served to mask the ongoing and unequal structure of the relations between the rich and poor worlds (Hoogvelt 1997, p.14 & 35). Thus within the context of this developing international division of labour it was the Developed Countries (DCs), the core states and first capitalists, who gained the development upper hand, beginning their process of industrialisation during the mercantile period of European expansion. The endeavour to embark on industrialisation for the LDCs however did not progress sufficiently until after the end of the Second World War, a period in which dependency theorists argued the case that the cause of underdevelopment within these LDCs was a consequence of the colonial capitalist legacy of a distorted structure of economy and society, that is the peripheral economy and society which was theorised to produce overall economic stagnation and mass poverty...

Find Another Essay On Industrialising Less Developed Countries

The Impacts ofTransnational Corporations on Less Developed Countries

2671 words - 11 pages The issue of the impacts transnational corporations have on less developed countries has been a controversial and much disputed subject within the field of economics and development studies. Researchers using various models such as the Rostow Development model, Harrod Domar model and the Neoclassical Theory Model, have studied these impacts and have tried to come to a conclusion to this issue. Researchers have also conducted many case studies

Why was the international diffusion of technology relatively fast between 1820 and 1914?

1799 words - 7 pages technologies and industrialising were all in the same area. Britain started off the industrial revolution, this was passed on to France and throughout Western Europe. There was a large interest from immigrants in North America as well as foreign investment which allowed America to industrialise. However nowhere else was adjacent to these regions. Consequently other countries who may have wanted to industrilaise were left behind and were left with less

Late Development

1555 words - 7 pages less market based, and the expected returns are lower than US and Britain. Banks are key financer backers of these countries. In Germany these banks owned by shareholders, while they owned by state in China. Shares of significant Japanese companies are held tightly in a system of cross holdings with sister firms in other industry groups. Late development theory can shed light to why these differences occurred. Alexander Gerschenkron criticised

The Role of Government Policy in South East Asia in the Role of Globalisation

1180 words - 5 pages operations has led to South East Asia becoming an increasingly popular destination for TNC manufacturing processes. South East Asia is shown on the map below. It contains the 'Tiger Economies' of Taiwan, Singapore, Hong Kong, Malaysia and South Korea. These nations are described as newly industrialising countries. [IMAGE] According to the theories of Rostow, nations must have a huge financial investment in order to

The United States and Spanish America Since Independence

1552 words - 6 pages the industrialised nations was in effect the cause of underdevelopment in the less wealthy nations. In particular, Spanish America, in response to demand from industrialising nations, became a major supplier of raw goods such as beef, wool, coffee, fruit, and minerals. This was encouraged by investment from industrialising nations in the infrastructure of Spanish America. For example, between 1870 and 1913, the value of Britain’s investments

The Characteristics of Economic Activity in Newly Industrialised Countries

1444 words - 6 pages manufacturing and the ability of the English speaking middle class to supply a range of low cost services, particularly in the area of ICT, to developed countries. The first generation of NICs, the Asian Tigers, developed industry based on a lot of cheap labour and labour intensive production on the traditional industries e.g. textiles, clothing, and leather. They had high populations due to immigration, therefore cheap labour

How far and in which ways do Government/Industry relations evolve as economies develop and mature during the nineteenth and twentieth centuries?

2050 words - 8 pages the system collapsed during the world wide economic slump of the nineteen thirties yet prior to this it had enjoyed surprising amounts of consistent stability and success. Laissez-Faire came under increasing pressure as the nineteenth century progressed and it began to collapse by the 1860's and 1870's due to the fact that other countries were industrialising and free trade alone could not sustain the British economy. Government and industrial

"Critically analyse one theory to explain the global political economy" I examined the Dependency Theory

2562 words - 10 pages ABSTRACTThere are no universal truths in political theory. This essay is about Dependency Theory and its use to explain the global political economy. Dependency Theory is a political interpretation of the way economic systems impact on the Less Economically Developed Countries. . As a theory it is an activist for change but also a means of understanding the world order and it is for these reasons I chose it above other theories I examined. I

Sustainable Growth in China

1464 words - 6 pages differences in educational attainment, savings and population growth . A developing country such as China has technological levels lagging far behind that of developed countries. It is then possible for China to adapt technological knowledge from advanced economies at a relatively lower cost in order to achieve technological innovation for its economic growth. Technological advancements lead to productivity gains which has a major role in intensive

Compare the lives of women in the developing world with women in the developed world with reference to the violation of human rights

2226 words - 9 pages over half the world's work, they obtain only one-tenth of the world's pay. In the developed world, people have even more advanced technology, which can further reduce the input of work required. Men and women also share jobs equally and work together; and even in some cases, men are learning to take on their share of domestic duties.Women perform the vast majority of work in the world, almost two thirds of it. Women in developing countries often

Culture Of Gold

1826 words - 8 pages particular features, including its natural value and handiness. And these have created it a possible source of investment for unlawful armed groups complex in civil wars and revolts. It is essential that the society take responsibility to reduce misapplication of gold. The uses of gold are enormous. Gold is not a decorative material anymore. Its usages are being more fundamental and essential to our contemporary generation. Consequently without using gold and culture of gold, people would be living in totally different way. Possibly, A lifetime is less technologically developed and unquestionably the world and cultures are less beautiful.

Similar Essays

Poverty In Less Developed Countries Essay

687 words - 3 pages Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world. Absolute poverty is where people don't have enough

More Economically Developed Countries And Less Economically Developed Countries

851 words - 3 pages Comparison Between MEDC and LEDC The comparisons between MEDC- More Economically Developed Country and LEDC-Less Economically Developed Country are many and varied but are mainly related to finance which gives the MEDC a higher standard of living for its occupants than those of the LEDC. Geographically most MEDC are situated in the northern hemisphere were as the LEDC are mostly in the southern hemisphere. Most MEDC are well advanced

Agriculture In More And Less Developed Countries

2105 words - 8 pages into the less developed countries, where the output of the farm is used on or near the farm where it is produced, and the more developed countries, where the farmer sells the crops and livestock. There are some major differences between what we do in the United States and what others do in other countries concerning agriculture. As one can see, agriculture is a very important way of life for many different people all over the world. The uses of

Sustainability Of Water Provision In Less Economically Developed Countries

1179 words - 5 pages these infrastructures do come with various risks and disadvantages such as high costs and negative impacts upon the environment and sometimes on human health (United Nations , N.D.). Many less economically developed countries are finding that these solutions alone are not vast enough to overcome the increasing demands from various economic, climatic and environmental pressures (GCSE Bitesize , 2010). There has therefore been a demand for waste