How has economic growth affected developing nations? new agricultural technologies boosted productivity but favored small farms over large businesses. command economic policies led to higher profits and more freedom for workers. rapid modernization encouraged trade restrictions and rejected foreign investment. foreign investment spurred business and industry but resulted in massive debt.

Foreign investment spurred business and industry but resulted in massive debt.

While it is true that foreign investment spurred business and industry, making developing countries grow, at the same time the same action resulted in massive debts, that the developing countries own to the westers' one. Sometimes those debts are anchors that don't allow a country to become totally independent from some forms of aids from Westerns' countries.