> Why it is more difficult than it was for Europe and US? Are the developed countries the real barrier to growth in poor countries like China, India and Indonesia?
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> Ulhas
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1. Access to necessary resources must be shared with already existing industrialized nations.
2. No colonies available for exploitation today.
3. The IMF and the World Bank discourage policies in developing countries that enabled Europe and the U. S. to industrialize (e.g., shameless disregard of intellectual property rights, development of government infrastructure at the expense of foreign investment).
4. Brain drain: skilled laborers migrate to developed nations and/or enhance the profits of foreign multinationals.
--The world today is not much like the world when Europe and the U. S. industrialized. The barrier to development is not the developed nations per se, but rather the existing global system, which among other things, tends to benefit already-developed nations.
Miles