How has globalization affected the value added by the primary sector in developing economies compared to developed economies?

Globalization has changed how countries trade and produce goods, impacting the primary sector, which includes agriculture, fishing, and mining. In developing economies, globalization often leads to increased demand for raw materials, allowing these countries to export more of their natural resources. For example, a country rich in minerals might see foreign companies investing in mining, boosting local jobs and income. However, in developed economies, the primary sector has less importance as they focus more on manufacturing and services, resulting in a smaller percentage of their economy coming from these activities. Overall, while globalization can benefit developing economies by increasing the value of their primary sector, it can also lead to challenges, such as dependence on global markets and fluctuating prices.