8 Factors hindering industrialization in third world countries.

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 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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