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In recent years, however, there is another trend happening, wherein the zones are transitioning from the old industrialized countries on to what came to be considered as semiperipheral and peripheral countries. The dynamics of the shifts of the locations of industrialized zones appear to indicate the developmental stages of industrialization. According to Tellier (2009: 234)., this could be attributed to the evolution of location requirements, pointing out that initially, what was important was the proximity of fuel such as coal and the relocations to the new zones thereafter were driven by new variables such as market accessibility and manpower quality. The shift followed the evolving requirements through the years: requirements that became more complex, as induced by critical variables such as the forces of globalization.
For some experts, the dynamics of the changes to industrialization could also mean the advent of deindustrialization. Alderson (1999: 706), for instance, outlined two deindustrialization models: positive and negative deindustrialization. The former involves a point of prosperity in an economy where it could manage to diversify until employment in the manufacturing is finally eclipsed by other industries such as services. According to Alderson this is achieved through higher productivity rate in the manufacturing sector, which sustains a high level of development (p.706). Negative deindustrialization, on the other hand, occurs in the event of weak productivity or trade performance. He pointed out that once trade position plummets and investment in the manufacturing sector follows in deterioration, the employment in the sector dips as well (p. 706).
Considering the patterns of industrialization, particularly with respect to how the location of industrialization zones changes and the way deindustrialization occurs, it appears that certain industries particularly in industrialized countries are poised
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According to the research findings globalization is of great significance in contemporary societies. When looking at its impacts, it is apparent that globalization is transforming contemporary societies. This is because globalization has had positive impact in nearly everything ranging from, economies, cultures, information flow, governance, criminal investigation, among others.
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It covers the major processes of the world socio-economic development and accelerates economic growth and modernization. At the same time, globalization gives rise to new contradictions and problems in the global economy. The process of globalization today overcame all the countries in the world in a different degree.
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Globalization, Its Significance to Challenges of Development and Key Debates. Globalization and related development were considered as the wave of the future when they first appeared to unite countries into one global economy for the mutual benefits, which presumed global integration and interdependence in the technological, economic, social, cultural, ecological and political spheres.
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