{"id":14217,"date":"2017-10-18T11:53:59","date_gmt":"2017-10-18T06:53:59","guid":{"rendered":"http:\/\/jworldtimes.com\/old-site\/jwt2015\/?p=14217"},"modified":"2019-11-18T16:08:04","modified_gmt":"2019-11-18T11:08:04","slug":"poor-industrialization-means-poor-economy-and-poor-economy-means-poor-state","status":"publish","type":"post","link":"https:\/\/www.jworldtimes.com\/old-site\/css-exclusive\/css-special\/poor-industrialization-means-poor-economy-and-poor-economy-means-poor-state\/","title":{"rendered":"POOR INDUSTRIALIZATION MEANS POOR ECONOMY AND POOR ECONOMY MEANS  POOR STATE"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/jworldtimes.com\/old-site\/jwt2015\/wp-content\/uploads\/2017\/10\/POOR-INDUSTRIALIZATION-MEANS-POOR-ECONOMY.jpg\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-14218\" src=\"http:\/\/jworldtimes.com\/old-site\/jwt2015\/wp-content\/uploads\/2017\/10\/POOR-INDUSTRIALIZATION-MEANS-POOR-ECONOMY.jpg\" alt=\"POOR INDUSTRIALIZATION MEANS POOR ECONOMY AND POOR ECONOMY MEANS POOR STATE\" width=\"625\" height=\"364\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\"><strong>1) Introduction<\/strong><\/span><br \/>\n<span style=\"color: #ff00ff;\"><strong>2) What is meant by industrialization?<\/strong><\/span><br \/>\n<span style=\"color: #ff00ff;\"><strong>3) Why industrial development is necessary?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">It is necessary to:<br \/>\ni. Increase employment rates<br \/>\nii. Promote trade activities<br \/>\niii. Support agriculture<br \/>\niv. Strengthen state&#8217;s economy<br \/>\nv. Eradicate poverty<br \/>\nvi. Make defences strong<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\"><strong>4) Is it true that poor industrialization means poor economy and poor economy means poor state? <\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Yes, it is true.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\"><strong>5) Factors proving that poor industrialization means poor economy <\/strong><\/span><!--more--><\/p>\n<p style=\"text-align: justify;\">When industry is poor there is:<br \/>\ni. Low foreign investment<br \/>\nii. Trade imbalance<br \/>\niii. Increase in unemployment<br \/>\niv. Rise in poverty<br \/>\nv. Increase in new debts<br \/>\nvi. Late payment of old debts<br \/>\nvii. Decrease in exports<br \/>\nviii. Higher import bills<br \/>\nix. Less infrastructure development<br \/>\nx. Increased cost of production<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\"><strong>6) Factors which weaken industrialization<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">i. Questionable industrial policies<br \/>\nii. Insignificant role of mineral resources<br \/>\niii. Lack of infrastructure<br \/>\niv. Inflationary pressures<br \/>\nv. Devaluation of currency<br \/>\nvi. Lack of industrial research<br \/>\nvii. Energy crisis<br \/>\nviii. Failure in exploring new markets<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\"><strong>7) Recommendations for strengthening economy by strengthening industrial sector<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">i. More funds for industrial research<br \/>\nii. Provision of cheap credit<br \/>\niii. Ending energy crisis<br \/>\niv. Simplification of procedure of industry setting<br \/>\nv. Provision of infrastructure facilities<br \/>\nvi. Promotion of public-private partnership culture<br \/>\nvii. Elimination of corruption<br \/>\nviii. Promotion of technical knowledge<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\"><strong>8) Conclusion<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1) Introduction 2) What is meant by industrialization? 3) Why industrial development is necessary? It is necessary to: i. Increase employment rates ii. Promote trade activities iii. Support agriculture iv. Strengthen state&#8217;s economy v. Eradicate poverty vi. Make defences strong 4) Is it true that poor industrialization means poor economy and poor economy means poor &hellip;<\/p>\n","protected":false},"author":572,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31,9072],"tags":[257,8438,358,9151,9149,9150,9148,9152],"_links":{"self":[{"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/posts\/14217"}],"collection":[{"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/users\/572"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/comments?post=14217"}],"version-history":[{"count":1,"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/posts\/14217\/revisions"}],"predecessor-version":[{"id":26072,"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/posts\/14217\/revisions\/26072"}],"wp:attachment":[{"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/media?parent=14217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/categories?post=14217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jworldtimes.com\/old-site\/wp-json\/wp\/v2\/tags?post=14217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}