Industry as an example of sphere of economy that has changed presumably the most during recent years internationally

More and more regularly it is observed currently that the pace of various developments recognized currently is increasingly higher. It is connected, first of all, with the fact that in general more and more people exist on Earth. Owing to the fact that these days there is more and more than 7 billions of citizens on our planet, there is also an increasing demand for new, more effective options.


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The same happens in industry, where also new commodities have to be developed in a rising amount. As a result, we should also keep in mind that this sector is likely to continue to improve. On the other side, the development of this field is currently much more likely to have place outside Europe. It is referred to demographic reasons, which prove that countries such as China or Indie have together more than 30% of inhabitants on our planet. Consequently, due to considerable supply of the people working there, we ought to realize that the labor costs there are really low and attractive for investors, which proves that they tend to pick these countries in order to ground their own enterprises in the area analyzed above.

Although the future in the previously mentioned field is likely to be connected with Asia, we are recommended to not forget that Europe would play a pretty crucial role concerning development of industry. It is indicated by the fact that our continent has substantial competitive edge in the topic of technology. Employees on our continent are generally highly skilled and professionally educated, which is really important regards progress and creating new innovations that would make the previously analyzed sector be even more efficient.


Autor: Devin Stein
In the light of the points mentioned above, we should not forget that industry might change directions of its growth considerably. Nevertheless, owing to close analysis of the history we might observe that there is almost nothing that always remains the same, which implies that new tendencies we observe contemporarily shouldn’t be surprising to us.