Developing countries mostly engage in primary economic activities because of?
Answer Details
Developing countries mostly engage in primary economic activities because of underdevelopment.
Primary economic activities involve the extraction and harvesting of natural resources, such as agriculture, fishing, mining, and forestry. These activities are typically the first step in the economic development of a country, as they provide the raw materials and resources necessary for the production of goods and services.
Developing countries often lack the infrastructure, technology, and capital necessary to engage in more advanced economic activities, such as manufacturing or services. As a result, they tend to rely heavily on primary economic activities as a means of generating income and supporting their populations.
Underdevelopment refers to the lack of economic and social development in a country, which can be caused by a range of factors, including poverty, weak institutions, and limited access to education and healthcare. Developing countries may struggle to move beyond primary economic activities due to these underlying conditions, which make it difficult to attract foreign investment, develop industries, and create jobs.
In contrast, interdependence refers to the mutual reliance of countries on each other for trade and economic growth. Overdependency refers to an excessive reliance on a particular industry or country for economic growth. Colonization refers to the historical practice of one country exerting political and economic control over another country or region. While these factors may have influenced the development trajectories of certain countries, they are not the primary explanation for why developing countries engage in primary economic activities.