Factors hindering industrialization in third world countries.
- Inadequate funds
- Poor means of transport and communication networksnetworks that hinder easy delivery of goods to markets
- European colonization exploited African resources and human resources hence did not want to develop these
- Inadequate skilled human resources due to low literacy levels
- Inadequate technology to manufacture quality goods and to exploit the natural resources.
- Protectionist policies by developing countries discourage private enterprises and foreign investments
- Inadequate sources of energy
- Shift competition from the developed countries
- Political instability
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