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The spread of industrialization

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 610

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The spread of industrialization

 


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The remaking of global system has significant impact on the overall economy of the country. The spread of industrialization towards Latin America and Asia has been taken place. State agencies as well as entrepreneurs in India, china and South Korea developed their industries, but same time the share of US in industrial production fell down to 50 % in 1950 and 30 % fell down in 1980. In 1990, Americans build car less than 20 % as compare to 1950 that build over 75%.  The technological advancement and its continuous developed encourage high growth of economy. This is specifically called third industrial revolution. The first and second industrial revolution is obsolete by advancement in technology. Financial, communication systems as well as new energy sources are the needed recognition towards third industrial revolution. (Vasconcelos, 2015)

Computers, nuclear power and robots are substituted by the vent   industries such as steel mill. The powerful utilization of telescope in the increases the use of solar system to produce energy and development of planets surroundings stars.


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