Labor Demand in Developing Economies

Labor Demand in Developing Economies

What forces are at work demanding low-skilled labor in the developing world? What could a country do to improve the types of skills demanded of its labor?

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Labor is a significant factor that affects the growth of economies. Therefore, the supply of labor and the type of labor demanded in countries may tell the level of industrialization of a country. In developing countries, for instance, the demand for low skilled labor such as working on farms is very high. Factors that contribute to the situation in developing countries include the level of industrialization, technology, and education. Therefore, improvements should be made in the education system and technology to improve the type of labor demand available in such countries………

 APA 363 words

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