Theory
This theory delves into the underdeveloped economy, consisting:
1. Higher rate of unemployment due to low labor production
2. Poor of production initiatives
3. Modernizing economic approach
The developing world is underdeveloped not because of the predatory activities of the developed
world and the international agencies that it controls but rather because of the heavy hand of the state
and the corruption, inefficiency, and lack of economic incentives.

Initializing products that’s fully manufactured by local and private companies using only the
resources that are available in large quantities found in underdeveloped country.

Labor workforce respond to these market approach suitably and effectively.

Modernizing economic approach
1.
Increasing efficiency of the telecommunications and micro-computer industry.
2.
Global expansion of trade through modern positive production externalities and
networks.
3.
Perform a market analysis, inducing growth through expenses spent on research and
development on the core component of knowledge innovations. Firstly, analyzing the
availability of goods and services. Second, comprehensive understanding of the impact
on the stock of knowledge phenomena.