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Impact of Industrialization on the National Business Systems and the National Competitiveness - Essay Example

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IMPACT OF INDUSTRIALIZATION ON THE NATIONAL BUSINESS SYSTEMS AND THE NATIONAL COMPETITIVENESS University Name INTRODUCTION: The following paper analyzes the concept of industrialization and the procedure of its evolvement and the countries who were the beneficiaries of the process…
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Impact of Industrialization on the National Business Systems and the National Competitiveness
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Download file to see previous pages To understand the questions completely, each of the fundamental terminologies which are to have an impact on the final question needs to be addressed and needs to be linked to the main question in pursuit. INDUSTRIALIZATION: The early phase of industrialization was from 1750 to the 1800s.Although, it can be debated over the exact timings of the industrialization in the different parts of the world, but it was the above mentioned period during which industrialization emerged in its totality. Europe in general and Britain in particular was the main element in crafting the early period of industrialization (Henderson, 1954). Until then, work was majorly done using manual labor and the amount of production, as a result, was squat. But it was end of the 18th century which actually saw the revolution in production processes and changed the dynamics of production and industry concepts. Enhanced use of machine-driven principles, including steam power, to develop in Great Britain produced an identifiable change in economic structure and growth (Spielvogel, 2011). The period saw the emergence of factory system where workers were grouped together and capital structures changed from the earlier used methods to cost effective technology driven methods. Cotton and iron were the key dynamics in this course (Thomas, 1964). Cotton was earlier processed through manual labor which tool time and effort but did not produce in mass volume. The production capacity was low and thus, the efficiency was significantly less. But now machines were developed which were, at first, powered by water and later on, with thw advancement in the system, by steam, and which now increased the production immensely. The number of people employed naturally increased. Moreover, the new process caused the cost of the final products to sharply decrease making them competitive. It was vital for Britain to acquire the new technology. It helped Britain to cement its dominance on the worlds economical and the resulting political sphere (Henderson, 1954). It took little time for industrialization to travel from Britain to the rest of the western world. It can be said that industrialization did not take more than fifty years to travel from Britain to the rest of the western world including America. But it has taken time to encompass the eastern boundaries. This statement is essential to understand because it has been one of the fundamental differences between the eastern and the western world.The eastern world could not be the recipient of the process of industrialization because its majority was under the colony system of one or more of the European countries. United States of America became a grateful receiver of the new dynamics in the production processes. The concept of corporations emerged whereby the people were given the new concept of working in huge setups and in a pronounced number of people.Because of the complexity of the new organization setup, several theories and ways of efficiently working in corporations were also developed. The early phase saw the owners of the corporations to receive the greatest benefit out of the sales and the workers in these firms to suffer the low wage rates and pitiable working conditions (Wilensky, 1965). It was natural for this phenomenon to take toll. This is because it was the part of the evolution through which the countries had to go in order to accept the new paradigm of industrializat ...Download file to see next pagesRead More
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