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Industrialization In Belize

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The poverty level of the people of Belize is a sure indicator to the lack of growth in Belize’s economy. According to Prime Minister’s State of the Nation speech 2014, approximately 43% Belizeans are living below the poverty line. A poverty line or level is the level of personal or family income below which one is classified as poor according to governmental standards. (Merriam-webster.com, 2016). This affects the standing of living because it is the point where one lacks a combination of wealth, comfort, material goods, safety and necessities to survive. Standard of living is determined by governmental inventions or the lack thereof. A measure of standard of living is the country’s GDP- Gross Domestic Product per capita, $4,893.30USD (in …show more content…

Industrialization is the process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor is often replaced by mechanized mass production and craftsmen are replaced by assembly lines. (Investopedia) In the process of industrialization many people will lose their jobs. In Belize, people have been losing jobs without having mechanized mass production as the cause. The issue of sustainment for many business has been quite a problem, partial due to the poverty issue, high inflation rate and issues with investing in a business. For instance, the business Williamson Industries closed its factory in 2008 that had been operating since 1960. Williamson Industries was a manufacturer of Dickies clothing. When it closed over 700 employees lost their jobs. The issues were the increased competition from global clothing companies ie. USA or other places were creating textiles is cheaper than in …show more content…

Such government must properly plan, identify and work toward improving the country’s economic issue for the country to advance. The leader must be transparent/honest, responsive, respectful, independent, effective, accountable, stern, proactive, passionate, committed, compassionate, diligent and courageous. Great leaders are the main reasons why countries attain economic, social and human development. Countries like Singapore, Denmark, New Zealand, Finland, Norway and Sweden are known to have the least corrupt politicians in the world. (V. Q. Abrugar, 2014. Clearly, developed countries cannot be ruled by corrupt politicians. Belize must be ruled by people of character and integrity and remove the corrupt leaders who can’t lead us to

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