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Industrialization - Essay Example

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Industrialization has brought the superpowers the modernization they enjoy today. There has been enough literature that highlights the factors that aid industrial modernization and the general development of enterprises. Some of these factors include but are not limited to the favourable political and legal environment for commerce and industry, abundance of natural resources, sufficient supply of cheap skilled labour among other factors…
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Extract of sample "Industrialization"

Download file to see previous pages This paper seeks to highlight industrialization in its entirety paying a closer look at the early and late industrialization. Further, the paper tries to compare the level of industrialization of countries such as the US, Germany, China, Japan, Soviet Union and the UK with special emphasis on the factors that could have brought these countries that far. The present industrial status is also looked at in terms of commerce, education and the general social welfare in these countries.
Industrialization may be construed to refer to the process of both social and economic change that sees a society move from a pre-industrial to a fully industrial society. Actually, sometimes modernization is considered as a result of industrialization except that apart from industrialization modernization may be as a result of a synergy between economic development and social change. When these two, economic development and social change, are closely related to innovation, then the result is great modernization often identifiable through industrialization. ...
This modernization was represented by not only by high levels of economic authority but also by factors such as functional specialization and general structural differentiation. These factors, especially the autonomy of the economic system from the government contributed greatly to this high level of modernization or industrialization for that matter.
Besides the factors highlighted above, there also others that equally led to the prosperity realizes in most countries in the above named region. These factors include:
An open trading system enjoying minimal or no import duty greatly stimulated industrialization because of the emerging cost efficiency.
Presence of free and flexible labour helped enhance industrialization. It is common knowledge that industrialization, besides energy and raw materials, depend entirely on not only cheap but also skilled and flexible labour.
Presence of alternative markets enhanced the general economic performance as a result of highly enabled business opportunities presented by these markets
Quick conventional learning capabilities and the affirmative work ethics in the populations equally played a role in encouraging and enhancing industrialization
Skills in fast exploitation of the new technologies and scientific findings catapulted industrialization to further and higher grounds
Why Industrialization Occurred
As mentioned earlier, industrialization is the result of social change and economical development lying proximally to innovations and emerging technologies. Autonomy of social and economic systems from the governments undoubtedly led to industrialization. The process of industrialization occurred almost in every part of the world for particular reasons. For instance, the ...Download file to see next pagesRead More
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