Examples of Least Industrialized Countries in the following topics:
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- The world's least industrialized countries have low income, few human resources, and are economically vulnerable.
- The Pacific island country of Samoa illustrates the distinction between least industrialized countries that receive international aid from the UN and industrializing countries that do not necessarily receive significant assistance from the UN.
- To be considered a least industrialized country, or least developed country (LDC) as they are commonly called, a country must have a small economy and low standards of living .
- Global Humanitarian Forum Discussion of Special Needs of Least Industrialized Countries
- Countries in the 1–10,000 international dollar range roughly correspond to least industrialized countries.
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- Industrializing countries have low standards of living, undeveloped industry, and low Human Development Indices (HDIs).
- An industrializing country, also commonly referred to as a developing country or a less-developed country, is a nation with a low standard of living, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
- Industrializing countries have HDIs between the most and least industrialized countries in the world .
- For example, India is considered a industrializing country.
- Explain why some scholars use the term 'less-developed country' instead of 'industrializing country'
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- Industrialization has contributed to the growth of the older age population due to the technological advances that have come with it.
- Most Western countries industrialized by the nineteenth century but the Industrial Revolution is still occurring around the world.
- Industrialized countries are defined by measures of economic growth and security.
- Countries that score poorly on these scales are considered to be non-industrialized, though it should be noted that non-industrialized countries are undergoing the process of industrialization.
- Industrialization brings money into an economy.
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- Industrialized countries have greater levels of wealth and economic development than less-industrialized countries.
- An industrialized country, also commonly referred to as a developed country, is a sovereign state with a highly developed economy relative to other nations.
- The criteria to use and the countries to classify as developed are contentious issues, as discussed below.
- In terms of global stratification, industrialized countries are at the top of the global hierarchy.
- The Human Development Index, along with the entire concept of "developing" and "developed" countries, has been criticized on a number of grounds.
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- Industrial sociology examines the effects of industrial organization on workers, and the conflicts that can result.
- An example of a labor union is the American Federation of Labor and Congress of Industrial Organization (AFL-CIO), whose constituent unions represent most American workers.
- An example of a craft union was the American Federation of Labor before it merged with the Congress of Industrial Organization.
- Originating in Europe, trade unions became popular in many countries during the Industrial Revolution, when the lack of skill necessary to perform most jobs shifted employment bargaining power almost completely to the employers' side, causing many workers to be mistreated and underpaid.
- In some countries, unions are closely aligned with political parties.
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- The Second Industrial Revolution, also known as the Technological Revolution, was a phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th.
- The First Industrial Revolution, which ended in the early-mid 1800s, was punctuated by a slowdown in macroinventions before the Second Industrial Revolution in 1870.
- A synergy between iron and steel, railroads and coal developed at the beginning of the Second Industrial Revolution.
- Living standards improved significantly in the newly industrialized countries as the prices of goods fell dramatically due to the increases in productivity.
- Horses and mules remained important in agriculture until the development of the internal combustion tractor near the end of the Second Industrial Revolution.
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- It has been argued that high rates of education are essential for countries to be able to achieve high levels of economic growth.
- In developing countries, the number and seriousness of the problems faced is naturally greater.
- Empirical analyses tend to support the theoretical prediction that poor countries should grow faster than rich countries because they can adopt cutting edge technologies already tried and tested by rich countries.
- The reasons usually include two aspects which respectively come from countries and individuals.
- The brain drain is often associated with de-skilling of emigrants in their country of destination, while their country of emigration experiences the draining of skilled individuals.
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- Prior to the First Industrial Revolution and Second Industrial Revolution, education in the Thirteen Colonies during the 17th and 18th centuries varied considerably depending on one's location, race, gender, and social class.
- The U.S. had its highest economic growth in the last two decades of the Second Industrial Revolution.
- The demand for skilled workers increased relative to the labor needs of the First Industrial Revolution.
- In recent years, the 1890 schools have helped train many students from less-developed countries who return home with the ability to improve agricultural production.
- Identify several key technological innovations from the First and Second Industrial Revolutions
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- The Dow Jones Industrial Average fell 22 percent to close at 1738.42, the largest one-day decline since 1914, eclipsing even the famous October 1929 market crash.
- It said it would restrict program trading whenever the Dow Jones Industrial Average rose or fell 50 points in a single day, and it created a "circuit-breaker" mechanism to halt all trading temporarily any time the DJIA dropped 250 points.
- The new rules set also a higher threshold for halting all trading; during the fourth quarter of 1999, that would occur if there was at least a 1,050-point DJIA drop.
- In the early 1990s, the Dow Jones Industrial Average topped 3,000, and in 1999 it topped the 11,000 mark.
- Swings of more than 100 points a day occurred with increasing frequency, and the circuit-breaker mechanism was triggered on October 27, 1997, when the Dow Jones Industrial Average fell 554.26 points.
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- These processes may be considered the phase of technological innovation following the Industrial Revolution, which some have labeled the Information Revolution.
- Modernization through technological innovation is seen by modernization theorists as a key way that poor countries can "catch up" to the developed world.
- This can lead to ethnocentric bias and prejudice against poorer countries who do not develop the new technologies that higher income countries do.
- Another flaw with modernization theory is its failure to recognize that if poorer countries adopt the technologies of higher-income countries, this may foster dependence.
- Poorer countries will rely on higher-income countries for support and guidance, thus widening (rather than narrowing) the power differential.