Answer:
There is aboslutely no motivation or rationale for them to de-industrilize themselves because of the heavy concentration of mineral resurcources in many parts of those nations.
Step-by-step explanation:
LDCs is an acronym for Least Developed Countries.
According to the principles of economics, it is best to site a manufacturing plant closest to the source of raw material input. This helps ensure that the cost of transporting those inputs to the factories for processing is not astronomical as is the case in many business models today.
It, therefore, behooves the nation-states in the said LDCs that have an abundance of natural resources to continue to push for industrialization rather than de-industrialization.
Africa is estimated to be the richest continent in the world. Here is why:
- Gold reserves along in the year 2011 stood at $138 billion.
- Iron ore at $128 trillion
Her fossil fuel which makes up about 50 percent of the value of all non-petroleum mineral production worldwide was given as $ 600 Billion.
It is for these reasons above and more that it will be difficult for LDCs to suddenly evolve into primarily service-based economies.
Cheers