Globalization is a term as well as tendency that has highly impacted the way we exist at present. It is connected with the fact that, first of all, increasing number of economies worldwide depend more on each other as inter alia one country imports some resources that are obligatory for its development from another place. On the other side, the second economy also finds some goods provided 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 mentioned tendency has played a really important role regards some visible changes in the field of industry – one of the three main sectors of each economy, which used to be the most meaningful in terms of generating the GDP in each country. This has improved, as in the economies that are considered to be the most influential nowadays, the role of services is regularly twice or even three times more important. Nonetheless, in the economies that improve the quickest, the tendency is relatively opposite.
It is connected with the fact that above all, such countries like those that have great population and pretty low or medium level of improvement, there is many people, which proves that the workforce supply is on really high level.
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This proves that industry – a field that requires presence of people, who work physically has a significant fundament for its growth there. Hence, in countries such as inter alia China or Indie the role of the previously presented sector as well as for example agriculture is in most cases substantially bigger than regards services.
Taking everything into consideration, we need to be aware of the fact that globalization surely belongs to tendencies that has highly impacted the planete contemporarily. We may recognize it on the example of changes in the sector of industry that belongs to one of the most meaningful.