Problems of Modernization in Developing Nations The economic situation which exists in the developing world today, is the result of the relationship between the modern, and developing nations of the world. Modernized nations benefited from this relationship because it gave them access to natural resources. However, because of this relationship, many developing nations now suffer from severe problems. These nations are attempting to change the situation in which they struggle. A political cartoon I have recently seen illustrated the economic relationship between the industrialized world and the developing world. It shows that the industrial nation