In 1-2 sentences, describe the process of industrialization. Is the process of industrialization still going on? If so, how does this affect the global balance of power? (2 points)
The process of industrialization involves the transformation of an economy from primarily agricultural to manufacturing and industrial activities, leading to increased productivity and urbanization. Industrialization is still ongoing, and it affects the global balance of power by shifting economic influence and determining the competitive advantage of nations in the global marketplace.
The process of industrialization refers to the transformation of an economy from primarily agrarian to one that relies on industrial production, characterized by the growth of factories and urbanization. Industrialization is an ongoing process in many developing countries, and it affects the global balance of power by shifting economic influence and creating new geopolitical dynamics as countries become more industrialized and technologically advanced.
