Soviet designs, equipment and skilled labor were sent to help industrialize and modernize the country.

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According to the report, over a third of FDI inflows to developing countries now originate in other developing countries, a trend which is predicted to increase as emerging economies further industrialize and shift production down the value chain.

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So it was able to industrialize more quickly and thoroughly.

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The aluminium smelter and power plant projects are part of a larger plan to industrialize northeastern Iceland with energy-intensive industries, first dreamed up in the 1950s and pursued by successive governments without review.

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In Chichibu, a small town an hour outside of Tokyo, the spirit of Shintoism and Japan's drive to industrialize comes together in stark contrast.

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