Globalization is a term as well as tendency that has highly influenced the way we exist at present. It is connected with the fact that, above all, more and more economies worldwide depend more on each other as for instance one country imports some resources that are necessary for its improvement from another place. On the other side, the second economy also finds some solutions provided by the second country very attractive, which is an influential incentive to think about an exchange between both of the partners shown above.
The progress of the above analyzed tendency has played a really influential role in terms of some visible changes in the field of industry – one of the three main sectors of each economy, which used to be the most crucial in terms of generating the GDP in each country. This has changed, as in the economies that are considered to be the most influential these days, the meaning of services is often twice or even three times more influential. Nevertheless, in the economies that improve the quickest, the tendency is pretty opposite.
It is implied by the fact that above all, such countries like those that have high population and quite low or medium level of improvement, there is a lot of people, which implies that the workforce supply is on pretty high level. This implies that industry – a topic that demands presence of people, who work physically has a great fundament for its growth there.
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Therefore, in countries such as for instance China or Indie the importance of the above mentioned sector as well as for example agriculture is in general far bigger than concerning services.
To conclude, we need to be aware of the fact that globalization certainly belongs to tendencies that has highly impacted the world nowadays. We may recognize it on the example of changes in the sector of industry that belongs to one of the most important.