problem of industrialisation

Problems and Prospects of Industrialization in Nigeria The importance of industrialization to the economic development of any country cannot be overemphasized. In fact, the relationship between the two variables is a direct one. From industrialisation to economic growth. Thus, almost all economically developed countries are industrialised. - See more at: http://infoguidenigeria.com/problems-prospects-industrialization-nigeria/#sthash.ENn6QEKp.dpuf Industrialization is the process of transforming an extraction based economy into a manufacturing based economy. By extractive based, I mean an economy that relies on the extraction and exportation of primary products (raw materials). Like farming, fishing, mining and so on. While the industrialised nations relies on the transformation of these raw materials into finished goods for domestic use and export. - See more at: http://infoguidenigeria.com/problems-prospects-industrialization-nigeria/#sthash.ENn6QEKp.dpuf