Page 16 Share Cite Suggested Citation: Science, Technology, and the Federal Government: National Goals for a New Era. The National Academies Press.
Contact Author Source Industrialization plays a vital role in the economic development of underdeveloped countries. As the historical record shows, the developed countries of the world broke the vicious cycle of poverty by industrializing, rather than focusing on agricultural or the production of national resources.
Currently, Pakistan, as a developing country, wants to achieve a higher standard of living for its people. For this reason, it is pursuing policies that support privatization and deregulation of the economy.
Industry plays a complex role in economic development, but these are some of its most important effects. Increase in National Income Industrialization allows countries to make optimal use of their scarce resources. It increases the quantity and quality of goods manufactured in that company, which makes a larger contribution to gross national product GNP.
Higher Standard of Living In an industrialized society, workers' labor is worth more. In addition, because of higher productivity, individual income increases.
This rise in income raises the standard of living for ordinary people. Economic Stability A nation that depends on the production and export of raw material alone cannot achieve a rapid rate of economic growth.
The restricted and fluctuating demand for agricultural products and raw materials—along with the uncertainties of nature itself—hampers economic progress and leads to an unstable economy. Industrialization is the best way of providing economic stability.
Improvement in Balance of Payments Industrialization changes the pattern of foreign trade in the country. It increases the export of manufactured goods, which are more profitable in foreign exchange.
But at the same time, processing the raw material at home curtails the import of goods, thereby helping to conserve foreign exchange. The export-orientation and import-substitution effects of industrialization help to improve the balance of payments.
In Pakistan in particular, the exports of semi-manufactured and manufactured goods resulted in favorable trends. Stimulated Progress in Other Sectors Industrialization stimulates progress in other sectors of the economy.
A development in one industry leads to the development and expansion of related industries. For instance, the construction of a transistor radio plant will develop the small-battery industry.
This is an example of backward linkage. In another case, the construction of milk processing plants adds to the production of ice cream as well. This is forward linkage.
Increased Employment Opportunities Industrialization provides increased employment opportunities in small- and large-scale industries.
In an industrial economy, industry absorbs underemployed and unemployed workers from the agricultural sector, thereby increasing the income of the community. Greater Specialization of Labor Industrialization promotes specialized labor.
This division of work increases the marginal value product of labor. In other words, specialized labor is more profitable. The income of a worker in the industrial sector will be higher on average than that of a worker in the agricultural sector. Rise in Agricultural Production Industrialization provides machinery to the farm sectors, including technologies like tractors, thrashers, harvesters, bulldozers, transport, and aerial spray.
The increased use of modern technologies has increased the yield of crops per hectare. The increase in farmers' income boosts economic development more generally.click here Energy and Human Evolution by David Price.
Please address correspondence to Dr. Price, Carpenter Hall, Cornell University, Ithaca, NY Castells is a professor of urban geography at Berkley. He has written a number of books and articles about geography, the city, and the information society, including a three-volume analysis of contemporary capitalism, titled The Information lausannecongress2018.comm (, p.
) refers to this as “the most sophisticated version” of the theory of the information society. Hindi Short Story “Jese ko Tesa”, “जैसे को तैसा” Hindi Laghu Katha for Class 9, Class 10 and Class Hindi Short Story “Lalchi Kutta”, “लालची कुत्ता” Hindi Laghu Katha for .
The table below presents an abbreviated geologic time scale, with times and events germane to this essay.
Please refer to a complete geologic time scale when this one seems inadequate. The point is, if you the science fiction writer postulate lots of technological advances in your novels, you must at least pay lip service to the sad fact that it will make a sizable segment of your society very angry.
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