Industrialization is the transition from agrarian economies to those based on industrial production, characterized by the rise of factories, technological innovations, and mass production. This process typically involves advancements in machinery, the establishment of supply chains, and urbanization as people move to cities for work. Industrialization is still occurring today, particularly in emerging economies, which can lead to shifts in the global balance of power. As nations industrialize, they can increase their economic output and technological capabilities, altering trade dynamics and geopolitical relationships by empowering new players on the global stage. This ongoing development can lead to competition for resources, investment, and influence among established and emerging powers.
And three to five 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
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