i) Availability of raw materials
ii) Availability of cheap labour (both skilled and unskilled)
iii) Acquisition of relevant technological knows how
iv) Existence of some indigenous industries which provide the foundation for the process of industrialization
v) Facilitated diversifications of the economy of the third world countries/banking/insurance
vi) Promoted urbanization in the third world countries
vii) Led to the degeneration in the third world countries
viii) Led to the development of transport and communication eg roads and telecommunication systems
ix) Increased agricultural production because farmers are aspired of a ready market in the agro based industries
x) Has led to the provision of social amenities such a§ schools and hospitals
lemass answered the question on March 19, 2019 at 09:56
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