Globalization is a term as well as tendency that has considerably influenced the way we exist these days. It is proved by the fact that, firstly, more and more economies worldwide depend more on each other as for example one country imports some resources that are obligatory for its improvement from another place. On the other side, the second economy also finds some goods guaranteed by the second country quite attractive, which is an important incentive to think about an exchange between both of the partners mentioned above.
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The development of the previously mentioned tendency has played a really influential role in terms of some visible developments in the topic of industry – one of the three main sectors of each economy, which used to be the most influential concerning generating the GDP in each country. This has improved, as in the economies that are believed to be the most influential nowadays, the meaning of services is frequently twice or even three times more meaningful. However, in the economies that develop the fastest, the tendency is relatively opposite.
It is connected with the fact that first of all, such countries like those that have great population and pretty low or average level of growth, there is plenty people, which proves that the workforce supply is on quite high level. This indicates that industry – a field that demands presence of people, who work physically has a substantial fundament for its improvement there. Hence, in countries such as inter alia China or Indie the role of the above mentioned sector as well as for instance agriculture is mostly far bigger than in terms of services.
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In the light of the points mentioned above, we ought to be aware of the fact that globalization surely belongs to tendencies that has highly influenced the world contemporarily. We might observe it on the example of developments in the sector of industry that belongs to one of the most influential.