06 LIMIT OF GLOBALIZATION

Geo Economic Changes

Overview of Changes

• Examination of the alterations in global economic dynamics and their implications.

Limits to Industrialization

Title: 9- The Limits to Industrialization in the Periphery

• Industrialization has been pivotal in the economic growth of Newly Industrialized Countries (NICs) since the 1970s.

Constraints Limiting Export-Oriented Industrialization

• There are significant factors that likely hinder the expansion and deepening of export-oriented industrialization in peripheral regions.

Key Constraints:

1. Protectionism

   • Barriers established by countries to protect their own industries from foreign competition.

2. Access to Technology

   • Availability and affordability of advanced technologies that can drive industrial efficiency and growth.

3. Debt and Creditworthiness

   • The financial stability of a nation affects its ability to borrow and invest in industrial growth.

4. Research and Development Capacity

   • Limited investment in R&D hampers innovation and competitive advancement.

5. Polarization and Instability

   • Economic inequalities and political instability can disrupt industrial growth and deter investment.

6. The Weight of Population Growth

   • Rapid population increases can strain resources and infrastructure, hindering industrial progress.