Question

In 3 short simple sentences, describe the process of industrialization. Is the process of industrialization still going on? If so, how does this affect the global balance of power?

Answer 1

Industrialization is the transition from agrarian economies to manufacturing-based economies, characterized by the use of machinery and mass production. This process typically involves urbanization, technological innovation, and the growth of infrastructure. Yes, industrialization is still ongoing, particularly in developing nations, which can shift the global balance of power by creating new economic players and altering trade dynamics.