industrialization news

Industrialization

Industrialization It is the period of social and economic

change that transforms a human group from an agrarian society into an industrial one.

It is part of wider modernization process where social change and economic development are closely related with technological innovation.

History Industrialization first started with the

Industrial Revolution in the north-west and Midlands of England in the 18th century. It spread to Europe and North America in the 19th century.

Types of Industries

Primary Industry Primary industries are those that

harvest or extract raw material from nature from land or sea.

Examples

Oil Iron ore Timber Fish Mining Quarrying Fishing Forestry Farming

Secondary Industry

Sometimes referred to as Manufacturing industry

Involve the manufacture of raw materials, into another product by manual labour or machines.

Secondary industries often use assembly lines e.g. a car factory

Tertiary Industry

Sometime referred to as Services industry

Neither produce a raw material nor make a product.

Instead they provide services to other people and industries.

Examples Doctors Dentists Refuse collection Banks

Quaternary Industries

Involve the use of high tech industries. People who work for these companies

are often highly qualified within their field of work.

Research and development companies are the most common types of businesses in this sector.

Forms of Industrialization

Broadly, industries can be of the following types depending on the raw material used and products made.

They are:

Manufacturing Industries:

-Industries which produce goods by utilizing or processing raw materials, semi-processed materials, byproducts or waste products or any other goods.

Energy-Based Industries

Industries generating energy from water resources, wind, solar, coal, natural oil, gas, bio-gas or any other sources.

Agro and Forest-Based Industries

-Business mainly based on agriculture or forest products such as integrated sericulture and silk production, horticulture and fruit processing, animal husbandry, dairy industry, poultry farming, fishery, tea gardening and processing, coffee farming and processing, horticulture and herb processing, vegetable seed farming, mushroom, vegetable farming or vegetable processing, tissue culture, green house, beekeeping, honey production, rubber farming, floriculture and production, and forestry related businesses such as leasehold forests, agro-forestry, etc.

Mineral Industries

-Industries that excavate or process minerals.

Tourism Industries

Tourist lodging, motel, hotel, restaurant, resort, travel agency, skiing, gliding, water rafting, cable car complex, pony-trekking, trekking, hot air ballooning, para-sailing, golf-course, polo, horse-riding, etc.

Service Industry

Workshop, printing press, consultancy service, ginning and baling business, cinematography, construction business, public transportation business, photography, hospital, nursing home, educational and training institution, laboratory, air services, cold storage, etc.

Construction Industries

-Road, bridge, ropeway, railway, trolley bus, tunnel, flying bridge and industrial, commercial and residential complex construction and operation.

Causes of Industrialization Improved transportation Investment capital New inventions Natural resources Population growth High immigration

Effects of Industrialization Positive Effects

Negative Effects

Positive Effects Job opportunities Transport new material Urbanization Steam engine Railroad system Raised the standard living

Negative Effects Over crowding Health problem Child labour Lack of sanitation Fatigue and illness

Top 10 Developed CountriesCountries HDINorway 0.944

Australia 0.933

Switzerland 0.917

Netherlands 0.915

United States 0.914

Germany 0.911

New Zealand 0.910

Canada 0.902

Singapore 0.901

Denmark 0.900

hdr.undp.org/en/content/table-1-human-development-index-and-its-components

Country with the highest GDPRank Country US$

1  Monaco 163,026

2  Liechtenstein 134,617

3  Luxembourg 111,162

4  Norway 100,819

5  Qatar 93,352

—  Macau 91,376

—  Bermuda 84,471

6   Switzerland 80,477

7  Australia 67,468

8  San Marino 62,188

9  Denmark 58,894

10  Sweden 58,269

World bank

Countries with the largest GDP share indicate a weak primary sector and a huge share in the service industry. In developing countries, however, agriculture is the largest contributor to the GDP. Their focus, in terms of economic growth, should be to make their presence felt more effectively in the service industry.

Country Industry: Major Sectors Per Nation

Country Agriculture (%) Industry (%) Services (%)

Brazil 5.5 28.5 66

Canada 2 28.4 69.6

China 10.6 49.2 40.2

France 2.2 20.3 77.4

Germany 0.9 30.1 69

India 17.2 29.1 53.7

Italy 2 26.7 71.3

Japan 1.4 26.4 72.1

Russia 4.1 41.1 54.8

US 1.2 19.6 79.2

UK 0.9 22.8 76.2

The country industry data and GDP composition spanning varied sectors across different nations are listed in the table below. The data is gathered from the CIA World Fact book, 2008.

http://www.economywatch.com/world-country/industry-sector.html

Philippines Industrialization Situation and Issues

      Forecast    

Industrial Production in Philippines decreased 1.8 percent in January of 2015 over the same month in the previous year. Industrial Production in Philippines averaged 9.22 percent from 1986 until 2014, reaching an all time high of 68.60 percent in April of 1988 and a record low of -26.60 percent in January of 2009. Industrial Production in Philippines is reported by the National Statistics Office of Philippines.

      Forecast    

The Gross Domestic Product (GDP) in Philippines was worth 272.02 billion US dollars in 2013. The GDP value of Philippines represents 0.44 percent of the world economy. GDP in Philippines averaged 60.12 USD Billion from 1960 until 2013, reaching an all time high of 272.02 USD Billion in 2013 and a record low of 4.40 USD Billion in 1962. GDP in Philippines is reported by the World Bank

Business Confidence in Philippines decreased to 45.20 in the first quarter of 2015 from 48.30 in the fourth quarter of 2014. Business Confidence in Philippines averaged 25.93 from 2001 until 2015, reaching an all time high of 54.90 in the second quarter of 2013 and a record low of -32.60 in the fourth quarter of 2001. Business Confidence in Philippines is reported by the Bangko Sentral ng Pilipinas.