Sociology.com: Problems and Prospects of Industrialization in Developing Country

Home

  • E library
  • Job Corner
  • Newspapers

Problems and Prospects of Industrialization in Developing Country

According to Giddens “industrialization is the modern form of industries, factories, machines and large scale production process.”

Problems of Industrialization in Bangladesh

  1. Historical background
  2. Agro-base economy 
  3. Lack of entrepreneurship
  4. Unskilled manpower 
  5. small size in market  
  6. lack of instrument 
  7. lack of capital 
  8. weakness banking system 
  9. labor dissatisfaction .
  10. electricity problem 
  11. child labor.
  12. lack of wage.
  13. lack of job security.
  14. lack of training  facilities.
  15. lack of recreational problem.
  16. lack of proper management.

Prospect of Industrialization

  1.  cheap labor
  2. female labor
  3. positive development
  4. opened new market 
  5. growth of trade 
  6. rise of living standard
  7.  Achievement of foreign currency 
  8. Stable economic 
  9. Creation skill labor force.
  10. Reduce unemployment.
 In above the problems and prospect of establishing industrialization in developing country like Bangladesh are give. This help to create good industrialization in any country.