In 3-5 sentences, describe the process of industrialization. Is the process of the Industrialization still going on? If so how does this affect the global balance of power?
Industrialization is the process of transforming an economy from being primarily agricultural to one that is dominated by manufacturing and industry. It involves the development of infrastructure, advancements in technology, and the growth of urban areas. Industrialization is still ongoing in many parts of the world, particularly in developing countries where there is a push for economic growth and modernization. This affects the global balance of power by shifting economic strength and influence from traditional powers to emerging economies, leading to changes in trade dynamics and geopolitical relationships.
