ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
both countries grow and export huge amounts of grain products
|
|
|
both countries have capital city that also the economic center of the country
|
|
|
both countries have a high tech center in their western region
|
|
|
both countries have a deindustrialization region in the northeast
|
Detailed explanation-1: -The main reason for deindustrialization is the faster growth of productivity in manufacturing than in services. North-South trade has played very little role in deindustrialization.
Detailed explanation-2: -During the past half-century much of the developed world has experienced a process known as deindustrialization-factories and manufacturing centers have closed down in the United States of America, Western Europe, and Japan and those jobs have been outsourced to the developing world.
Detailed explanation-3: -Deindustrialization refers to the process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially heavy industry or manufacturing industry. It is the opposite of industrialization.