Globalization is a term as well as tendency that has substantially impacted the way we exist currently. It is indicated by the fact that, firstly, increasing number of economies worldwide depend more on each other as inter alia one country imports some
resources that are obligatory for its development from another country. On the other side, the second economy also finds some goods guaranteed by the second country very attractive, which is an important incentive to consider an exchange between both of the partners presented above.
Author: M. Dolly
Taken from: http://www.flickr.com
The improvement of the previously analyzed tendency has played a pretty important role regards some visible changes in the area of industry – one of the three main sectors of each
economy, which used to be the most important concerning generating the GDP in each country. This has improved, as in the economies that are considered to be the most influential contemporarily, the role of
services is frequently twice or even three times more meaningful. Nonetheless, in the economies that develop the quickest, the tendency is relatively opposite.
It is connected with the fact that first and foremost, such countries like those that have high population and very low or standard level of improvement, there is a variety of people, which indicates that the workforce supply is on very high level. This proves that industry – a field that requires presence of people, who work physically has a great fundament for its growth there. Thus, in countries such as for instance China or Indie the importance of the previously presented sector as well as for instance agriculture is mostly much bigger than regards services.