In 1-2 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? (2 points)
1 answer
The process of industrialization involves the transformation of an economy from primarily agricultural to manufacturing and industrial activities, leading to increased productivity and urbanization. Industrialization is still ongoing, and it affects the global balance of power by shifting economic influence and determining the competitive advantage of nations in the global marketplace.