Industrialization and technological developments.

• Industrialization


  The process of transforming an economy from rural-based to one dominated by manufacturing and industrial activities
• Shift in Economic Structure


  Shift of resources, labor, and capital from agriculture to industry and manufacturing sectors
• Urbanization


  • Industrialization is often accompanied by urbanization, as rural populations migrate to cities in search of employment opportunities in factories and industries
• Economic Growth


  • Industrialization results in higher levels of economic growth, as manufacturing activities generate income, employment, and export opportunities
• Urbanization and Migration


  • Industrialization spurs urbanization as rural populations migrate to urban centers in search of employment, leading to the growth of cities and the expansion of urban infrastructure
• Social Change


  • Industrialization can lead to shifts in lifestyle, education, and social mobility, as well as the emergence of new social classes and the rise of urban working-class movements
• Technological developments


  • Innovation
  • Adoption
  • Diffusion
• Globalization


  • Technological developments have facilitated globalization by reducing barriers to communication, transportation, and trade, enabling greater interconnectedness and integration of economies worldwide
• Impacts of Technological Developments


  • Productivity Growth
  • Innovation and Competitiveness
  • Job Displacement and Creation
  • Societal Transformation