Industrial Revolution for Economic Development

Industrialization, Industrial Revolution, Economic Development, Developing Country, New Innovation
Today all the nations are connected to each other all over the world.  It happens not only due to the globalization but also due to industrialization. This takes place all over the world.  Industrialized countries are countries who achieved a higher standard of living as well as per capita income. Even though the industrial revolution in each country has different causes and effect. But the outcome of it differ from each developed and developing country.

Since in 18th century, the beginning of the industrial revolution takes place.  In the United Kingdom, the commencement of industrialization started. The backbone of the industrialization is the well-known engineers and scientists of developed and developing countries. The human life before and after the industrialization has a huge difference. Before industrialization, agriculture was the main occupation for people. But later the lifestyle of people change due to invented technology and new innovation.

Moreover, Industrialization is a process where the economy of a country moves towards extensive production. Which more focus on the use of machinery and the economic development of a country. Such as it was a major alteration. It brought habit in production for usage of more machinery, assembly line and mass production. The economic development can be achieved through the manufacturing of goods and services in the huge unit. With this practice mass production, a new innovation in technology and assembly line came into existence.

The topmost industrialized countries of the world


♠ United States of America

The industrial revolution took place a long back ago. Industrial revolution includes changes in transportation, manufacturing, and communication.  The United States of America is guiding as a role model for many developing countries. It invented new innovative technologies such as Steam engine, railroads, and telegraphs. This made communication and transportation more convenient. US-based companies are allowed to produce the goods on a bulk scale with the help of an assembly line. Each and every citizen of this country was found themselves to depend on industrial technology.  In fact, this all factors made the United States of America to achieve the industrialization in a rapid way.

♠ Japan

Japan achieved the industrialization between 1880’s to 1970. There are 4 distinctive features through which Japan attained the industrial revolution. This includes the Proto-industrial base, investment, productivity growth and dualism. The strategy of Japan for adjusting reorganization was clear without collaborating with political life.  During this phase, Japan established new banks to provide investment capital. They extended the new innovation of railways and steam machines. The step of new innovation leads in to increase the demand for manufactured products. The government of Japan removed all guilds and internal tariffs restrictions, establish economic policy.  Japan thought far ahead by creating model factories and establishing individual ownership. which also improved import and export by removing tariffs restriction. These all factors helped Japan to deal with industrialization successfully.

♠ France

The growth rate of industrialization in France was very slow compared to other nations. France experience vast development in agriculture, power-driven machinery and mass production. The outcome of industrialization in France was the rural area began to supplement their income and economic development. There are several significant factors which help France to adopt the industrialization successfully. France expanded their labor force in order to achieve mass production in an industry. The government of France reduced the tariffs barriers for export and import.  Due to this, the demand for industrial goods from foreign market increased. Peasants forced to limit the family size.

♠ Germany

Before the industrial revolution, Germany was not united. Germany made advancement in Railways, education, population, protection, new innovative technology and resources of the country. This gave fruitful outcome to Germany.  The industrial revolution takes in Germany between 1870 to 1914. During this phase, the new German Confederation was formed by the government of Germany. The government of Germany decided all German states should be united under one ruling body. The main platform for expanding the industry is New German Confederation. Bismarck executed some policies to defend the business. German goods allotted with better value. As a result of seven weeks of war with France, Germany received the five billion francs as a fee.

♠ United Kingdom 

During the 18th century, there was new innovation brought by British scientists. It leads to the United Kingdom’s industrialization.  Particularly, the United Kingdom started to reduce the cost of resources which are easily available and naturally. By this, they attained the higher standard of living and economic development in the country.  The industrialization began in the United Kingdom due to the agricultural revolution, cottage industry revolution. The availability of cotton from overseas markets was alternatives raw material for handcrafts textile. The scientific revolution is also the main reason behind the economic development of the United Kingdom. The United Kingdom improved the supply of coal for energy and iron. As the population of the United Kingdom increases the labor force automatically increased.

♠ South Korea

The government of South Korea played a vital role in the industrialization. The government financially supported and pushed the export of South Korea. This lead to becoming more developed country compared to other nations. There are various valid reasons for South Korea industrialization. It involves the socioeconomic concentration in the Seoul Metropolitan Area. The rapid decrease in population. Improvement in labor-intensive manufacturing enterprises. A government of South Korea promoted economic policies for export. South Korea faced rapid growth in the mining sector. Moreover, there was an increase in gross regional product and demographic transition.

♠ Spain

The industrial revolution of Spain begun in the 19th century. The industrial revolution of Spain begins through the Railways, mining and steel industries.  They have faced political instability but still achieved and attained the industrial revolution. Spain incurred plenty of capital from manufacturing as well as agriculture. There were no restrictions on new innovation. Spain had access to lots of foreign material and goods.  Spain gave more emphasis on the utility of science and technology.

♠ Russia

The union of the Soviet socialist republic is named Russia before the industrialization. After industrialization, it separated into different states. The Russian government was motivating about the industrialization in Russia. Russia made huge efforts to allow the industrialization in the country. Russia developed a mobile labor force and peasant, Russia used new innovative technology for farming for improvement in agriculture. The government of Russia initiated a large infrastructure programme like a construction of railways. It also removed the existing barriers. Russia earned a large amount of foreign capital. Russia constructed new factories to achieve economic development.

Conclusion

The industrial revolution shows major changes from 18 to 19th century. However, it started in Great Britain but soon it expanded too many developing countries. Due to this, the trade between nations rises up drastically. Moreover, the industrialization led to the mass exploitation of workers. Likewise, it launched the modern age and equally drone technology forward. After all, it played a significant role to increase the economic development of a country.

 

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