Why there is industrialization in developing countries?
There is more industrialization in the developing countries than the developed countries because most of the businesses want to get their products produced from the developing countries. Even the businesses which are operating in Europe and North America want their products to be produced from the developing countries.
Businesses in developed countries want their products to be produced from the developing countries because the cost of production in the developing countries is very low.
They can increase their profits by decreasing their costs.
There are also some other reasons for getting their products developed from the developing countries:
• Get market access
• Build good ties with other countries
• Avoid strict environmental laws in the developed countries