Essay on Industrialising Less Developed Countries

Essay on Industrialising Less Developed Countries

Length: 2522 words (7.2 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview

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 capital...


... middle of paper ...


...A. & Williamson, J., 2009, ‘Was it prices, productivity or policy? Latin American industrialisation after 1870’, Journal of Latin American Studies, vol. 41, no. 4 (November 1), p.633-694, accessed August 17 2011 from Proquest.
Griffith-Jones, S. & Rodriguez, E., 1984, 'Private international finance and industrialisation of LDCs', Journal of Development Studies, vol. 21, no. 1, p. 47-73, accessed 17 August 2011 from Business Source Premier, EBSCOhost.
Schmitz, H., 1984, 'Industrialisation strategies in less developed countries: Some lessons of historical experience', Journal of Development Studies, vol. 21, no. 1, p. 1-21, accessed 17 August 2011 from Business Source Premier , EBSCOhost.
United Nations Development Programme (UNDP), 2010, Human development report 2010 the real wealth of nations: Pathways to human development, UNDP, New York, 2010, p. 142-151.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Poverty Within Developed Countries Essay

- Poverty is a vague and ambiguous term. Many people define poverty in many different ways. Some consider it the literal lack of monetary funds, while others consider it the lack of over-all ‘wealth’ which includes the opportunity to attain an education and hopefully, in turn, attain some form of monetary currency. For the sake of this paper, the definition of poverty which includes opportunities and education will be used because it includes various parts of being poor instead of focusing simply on monetary currency. When the general public thinks of poverty, it thinks of poor starving children in Africa....   [tags: America, Poverty Line, Developed Countries]

Term Papers
964 words (2.8 pages)

Poverty in Less Developed Countries Essay

- 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 money to provide standard living conditions for themselves and characteristics of substandard lives are disease, malnutrition, and low-life expectancy....   [tags: Poverty Essays]

Term Papers
469 words (1.3 pages)

Sustainability of Water Provision in Less Economically Developed Countries

- Water is not only an essential for life and good health, but is a key driver of agricultural production, the economy and global development. However, water is a limited resource and with a largely growing population, water demands are continuously increasing at an uncontrollable and unsustainable rate. There is vast variability of water supply over time as a result of seasonal cycles and inter-annual variation. The timing of these periods of high and low supply are largely unpredictable and therefore puts stress upon water management at the local, national and sometimes even the global scale (United Nations , N.D.)....   [tags: Sewage, Potable Water]

Term Papers
1071 words (3.1 pages)

The Impacts ofTransnational Corporations on Less Developed Countries Essay

- ... This stage also involves intensive labor and low levels of trading, with no scientific evaluation on technology and the global economy. The second stage is ‘The Transitional stage’ at this stage, an increase in specialization produces a surplus for trading and to support this trade there is an emergence of transport infrastructure. This stage is also the pre-condition before the takeoff stage. In ‘The takeoff’ stage the main aspect of this stage is the level of sustained economic growth. At this stage further growth in savings and investment takes place....   [tags: economy, capital, outsourcing]

Term Papers
2507 words (7.2 pages)

The Impact of Natural Disasters on Less Economically Developed Countries

- ... For example, higher levels of infrastructure can be found in MEDCs, which is costly to mend if damage occurs (Wills, 2009 cited in CAE, 2012). It may also be that although MEDCs are more able to cope with natural disasters than LEDCs, this ability is not uniform; for example, the earthquake in Northridge, California in 1994 was about 6.7. Although the Northridge earthquake is considered moderate in size, it caused over $20 billion of damage. This damage was due to the ground acceleration, which was one of the highest ever instrumentally recorded in an urban area in North America, measuring 1.8g (16.7 m/s2) with strong ground motion felt as far away as Las Vegas, Nevada, about 220 miles (...   [tags: calamities, human control, natural risks]

Term Papers
621 words (1.8 pages)

More Economically Developed Countries and Less Economically Developed Countries

- 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 or have completed their development period for example the United Kingdom were as the LEDC are still in the early stages....   [tags: Economics]

Term Papers
929 words (2.7 pages)

Agriculture In More and Less Developed Countries Essay

- Dark, thick smoke rises from the engine of a huge tractor that is plowing the plains of Dumas, Texas with enough power and technology to plow fifteen rows at one time. While just overseas in Pakistan a farmer works to plow one row in his field with the help of his oxen. Both farmers come home late at night, one just the same as the other, but the work they have accomplished for the day will be drastically different. The farmer in Pakistan farms 2.5 acres of land hoping to use what he harvests for feeding his family and his village....   [tags: Agriculture Agricultural Essays]

Term Papers
1996 words (5.7 pages)

Essay on The Meaning of Coroporate Social Responsibility

- ... Less-developed countries CSR To begin talking about less-developed countries I would have to define what under-developed countries are. A less-developed country is a nation with a low standard of living, less income per capita and an underdeveloped industrial base. in a 2004 survey, Asian companies had less of a commitment to employee development and vocational education. Within the companies own operations 29% of Asian companies had a policy on the protection of human rights. Labor standards in less-developed countries, examination of suppliers, and a code of ethics, including corruption we surveyed to have significantly different than those of the US and European corporations....   [tags: corporations, less-developed countries]

Term Papers
626 words (1.8 pages)

The Uneven Distribution of Food Supplies in the More Developed Countries and Less Developed Countries

- The Uneven Distribution of Food Supplies in the More Developed Countries and Less Developed Countries Overall, the food produced should be sufficient to feed the global population, however in reality this cannot be achieved due to the uneven distribution of resources, thus food supplies. In many less developed countries (LDCs in short), such as Ethiopia in North Africa, western part of China in particular, the problem of famine is still their major problem to cope with; whereas in some more developed countries (MDCs in short), such as USA, they food production are in surplus which are even sufficient for large amount of export....   [tags: Papers]

Term Papers
937 words (2.7 pages)

The Problems of Urban Areas in Economically Less Developed Countries Essay

- The Problems of Urban Areas in Economically Less Developed Countries It is generally believed that urban areas in ELDCs will suffer for worsening problems, even as economic activities and capital formation increase. The unique urban problems that urban areas face in ELDCs include urban sprawl, congestion(traffic and people), lack of infrastructure (clean water, housing, roads, transport, etc) and pollution. This essay will discuss why this trend of worsening problems is more likely by examining the factors that exacerbate these problems....   [tags: Papers]

Term Papers
1418 words (4.1 pages)