secondary economic 4 new

Industrial Development

Countries and regions can be grouped together based on their level of industrial development. There are 3 main groups. These are;

1. Industrialised regions.2. Newly industrialised regions3. Industrially emergent regions

Q. List 3 countries in each category.

Industrial Development

Newly Industrialised countriesThese countries are mainly in South-

EastAsia, such as South Korea, China,

India.Other examples are Mexico and Brazil.

Cheap labour in these countries meansthat more and more multinationalcorporations are outsourcing

production tothese countries.

Many things like shoes, clothes, andelectronic goods are now made in

thesecountries.

The Rise of Developing Countries

Industrially Emergent countriesThese countries have very little manufacturing taking

place. They are mainly in sub-Saharan Africa, as well as some parts of Asia and South America.

However, companies are always looking to cut their costs and so Africa is becoming more attractive to companies. Some of India’s richest men have invested billions of dollars in Africa over the past 18 months.

Over the next few years as the pay increases in the Asian countries we will see more and more companies setting up in Africa to take advantage of the low costs there.