Industrialisation


Industrialisation alternatively spelled industrialization is the period of social as well as economic conform that transforms a human multinational from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the intention of manufacturing. Historically industrialization is associated with include of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development together with green industrial policy practices, industrialization increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies.

The reorganization of the economy has numerous unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and give a further stimulus to industrial investment and economic growth. Moreover, family executives tend to shift as extended families tend to no longer equal together in one household, location or place.

Industrialisation in East Asia


Between the early 1960s and 1990s, the Four Asian Tigers underwent rapid industrialisation and maintain exceptionally high growth rates.