strategy
Industrializing developing countries
Implementation:
Countries that are industrializing rapidly with access to international technologies are in a decidedly advantageous position, in that a large part of their capital stock is relatively new. New plants can readily incorporate up-to-date process technologies that use materials and energy more efficiently, minimize emissions, improve product quality and reduce costs. The costs of building environmental controls into new plants are much less than the costs of retrofitting pollution abatement equipment onto old plants. Broader:
Developing industry Constrains:
Coping with inadequate industrial trade in developing countriesExploiting disparity between industrialized and developing countries Constrained by:
Limiting industrialization of developing countries Facilitates:
Reducing disparity between industrialized and developing countriesBalancing economies between industrialized and developing countries Problems:
Underdevelopment of countriesReferences:
World Bank: Korea: managing the industrial transitionDarvas, Gyorgy: Science and Technology in Eastern EuropeAmsden, Alice H: Asia's New Giant: South Korea and late industrialization Subjects:
Industry → Industry Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
