Industry – a area, which meaning in the last years has considerably dropped

More and more experts that carry out miscellaneous surveys as well as analyze situations in the economies internationally tend to point out that the global economies differ much from those we could observe about 20 years ago.

It is connected with the fact that, first of all, concerning industry we might recognize that it doesn’t have as considerable influence on GDP as it used to have in the past. Moreover, we ought to also be aware of the fact that the popularity of this sector transfers to countries that are nowadays believed to be those, which develop the fastest, such as for example China or India. The reason why this kind tendency happens is connected, exceptionally, with demographic reasons, as both of above mentioned countries have more than one milliard of citizens each. This proves that there is an overcrowded labor market there and, hence, people in order to work can accept significantly weaker salary than those in Europe, who would be able to live only in pretty poor standards for similar wage.



Another important fact is related to improving popularity of services. This field of economy is more and more popular in countries, which are considered to be mature economies, such as for example USA and countries of the Western Europe. In some of them from each 100$ generated by domestic producers, 70 per cent is made by enterprises in this topic. It is more than twice and sometimes three times greater than value of the goods made in the area of industry. Hence, for example in terms of planning our career if we don’t find it crucial to work in field related with our hobby, we should consider corporations.

To sum up, thanks to series of improvements in the international economy, industry and exceptionally its importance has minimized significantly. This proves that in the future it might be possible that physical work would be no longer worth its prices in Europe, as it is done significantly less expensively in the countries presented above. On our continent, however, there is place for research & development, which is also crucial for the development of this sector.