In 3–5 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? (make your answer very clear and fully supported by details)
Industrialization is the process of transitioning from an agrarian-based economy to one that relies on manufacturing and technology. This typically involves the growth of factories, urbanization, and advancements in transportation and communication. The process of industrialization is still ongoing today, especially in developing countries looking to boost their economies.
As industrialization continues to spread globally, it shifts the balance of power by creating new economic powerhouses and reducing the dominance of traditional Western powers. Emerging economies like China and India have seen rapid industrialization, leading to their increased influence on the global stage. This redistribution of power has the potential to impact trade agreements, alliances, and geopolitical relationships.