Globalization is a term as well as tendency that has substantially impacted the way we exist at present. It is connected with the fact that, firstly, increasing amount of economies worldwide depend more on each other as for example one country imports some resources that are inevitable for its improvement from another country. On the other side, the second economy also finds some goods guaranteed by the second country quite attractive, which is a meaningful incentive to consider an exchange between both of the partners shown above.
The development of the previously presented tendency has played a really important role in terms of some visible developments in the topic of industry – one of the three main sectors of each economy, which used to be the most meaningful concerning generating the GDP in each country. This has improved, as in the economies that are believed to be the most crucial nowadays, the role of services is often twice or even three times more crucial. However, in the economies that develop the fastest, the tendency is really opposite.
It is proved by the fact that first of all, such countries like those that have high population and relatively low or average level of growth, there is plenty people, which proves that the workforce supply is on pretty high level. This indicates that industry – a area that requires presence of people, who work physically has a substantial fundament for its improvement there. That’s the reason why, in countries such as for instance China or Indie the role of the above presented sector as well as inter alia agriculture is mostly substantially bigger than in terms of services.
To sum up, we ought to keep in mind that globalization certainly belongs to tendencies that has highly influenced the world nowadays. We may recognize it on the example of changes in the sector of industry that belongs to one of the most influential.