Review:
Industrialization In Other Countries (e.g., India, Usa)
overall review score: 4.2
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score is between 0 and 5
Industrialization in other countries, such as India and the USA, refers to the process of economic development through the growth of manufacturing industries.
Key Features
- Increase in factory production
- Urbanization
- Shift from agrarian economy to industrial economy
- Technological advancements
- Economic growth
Pros
- Creates job opportunities
- Boosts economic growth
- Improves infrastructure
- Leads to technological advancements
Cons
- Environmental pollution
- Gap between rich and poor may widen
- Loss of traditional livelihoods