The topic of industry for a lot of people, who are asked about it, has very bad connotations. It is connected with the fact that we refer this term frequently to the emission of greenhouse gases, which are quite dangerous for the environment as well as are developed by almost each factory. In various spheres there are also a lot of wastes developed, which is quite harmful for the state of our planet.
Nevertheless, in the reality we need to also be aware of the fact that for instance this area is responsible for a variety of positive facts, such as establishing new buildings, growth of the technology etc. This proves that despite the fact that the services are becoming increasingly important in improving amount of countries, we ought to also realize the role of the in the top mentioned field is very fundamental. Therefore, a variety of experts in the sphere of economy alarm that European crisis in this area may have significantly worse outcomes than we think (if we even do this).
This European crisis in the previously mentioned field refers to the fact that on our continent growing percentage of factories are either closed or the amount of people employed in them is considerably decreased. It is proved by the fact that, first and foremost, regards industry there is a substantial rivalry from young economies, which have one common advantage for investors – pretty low labor costs, which are referred to significant labor supply.
Hence, hiring European employees for them is no longer attractive from financial point of view, which implies that the trend in the future is significantly more likely to be related to deciding for countries such as China, India, Brazil or Russia.
In the light of the points mentioned above, the developments in the field of industry reflect the present economical situation on our planet and the most influential trends referred to it. The trend is likely to be connected from switching the supply more to the East (from Europe), but still our continent might play a decent role regards developing the technology.