“INDUSTRIAL DEVELOPMENT IN DEVELOPING NATIONS”

Abstract

This study examines the process of industrial development in developing nations, focusing on the key challenges and opportunities that shape economic growth in these regions. The research highlights the role of industrialization in driving economic diversification, job creation, and technological advancements. The study also identifies significant barriers to industrial development, such as inadequate infrastructure, limited access to capital, and policy constraints. Through an analysis of case studies from various developing nations, the paper provides insights into how these countries can leverage industrial growth to improve their economic standing on the global stage. Recommendations are made to enhance industrial policy frameworks, promote sustainable practices, and support innovation within the manufacturing sector.