7 Arguments   against Industrial development   strategy for developing countries

7 Arguments   against Industrial development   strategy for developing countries

These   are negative   externalities    or side   effects   that arise as industrialization     takes   place.   They include the following.

 

  1. It leads to rural-urban migration. People  shift from rural  areas  to urban  centers  where  there  are better  opportunities    as  a result   of  industrialization. This leads to development    of slums,   open urban unemployment,   increased crime rate and poor living conditions   in general.
  2. It leads to technological unemployment.  Industrialization     increases   the use of capital   intensive techniques of production   which in the long run replaces labour hence technological   unemployment.
  3. Environmental degradation. Industrialization     leads to environmental    degradation    in form   of noise, air and water pollution.   This negatively   affects the society
  4. It promotes uneven regional development in economy: This is due to the concentration  of most of the industries in urban areas. This leads to underdevelopment   of rural areas.
  5. Occupational hazards. Industrialization  accelerates   occupational    hazards   in form of increased work load, high level of accidents at work, occupational   diseases etc.
  6. It increases economic dependence of the economy. This is due to a large number   of industries being owned by external investors.  This increases profit repatriation   in the economy
  7. It leads to the loss of craftsmanship. The  increased   dependence   on  the  use  of machines    like computers   and  other  capital   equipments   leads  to loss  of  natural   creativity   in  the  long  run  as  result  or industrialization.
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