Globalization is a term as well as tendency that has substantially influenced the way we exist at present. It is connected with the fact that, first of all, increasing amount of economies worldwide depend more on each other as inter alia one country imports some resources that are obligatory for its improvement from another place. On the other side, the second economy also finds some solutions provided by the second country quite interesting, which is a meaningful incentive to consider an exchange between both of the partners analyzed above.
The progress of the above mentioned tendency has played a quite important 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 important in terms of generating the GDP in each country. This has changed, as in the economies that are believed to be the most important contemporarily, the role of services is often twice or even three times more meaningful. Nonetheless, in the economies that improve the quickest, the tendency is quite opposite.
It is implied by the fact that first of all, such countries like those that have significant population and pretty low or standard level of growth, there is many people, which indicates that the workforce supply is on pretty high level. This proves that industry – a area that requires presence of people, who work physically has a considerable fundament for its improvement there. That’s the reason why, in countries such as inter alia China or Indie the importance of the above presented sector as well as for example agriculture is mostly much bigger than concerning services.
To sum up, we are recommended to not forget that globalization certainly belongs to tendencies that has highly influenced the planete contemporarily. We might observe it on the example of developments in the sector of industry that belongs to one of the most meaningful.