Industry – a area, which role in the last years has significantly dropped

Rising percentage of experts that make miscellaneous surveys as well as analyze situations in the economies worldwide tend to discover that the international economies differ substantially from those we could observe about 20 years ago.

Feld trains
Autor: MVolkmann

It is implied by the fact that, first and foremost, regards industry we might observe that it doesn’t have as significant influence on GDP as it used to have in the past. Furthermore, we should also be aware of the fact that the popularity of this sector transfers to countries that are currently thought to be those, which develop the fastest, such as for instance China or India. The reason why similar tendency happens is connected, exceptionally, with demographic reasons, as both of these countries have more than one milliard of citizens each. This implies that there is an overcrowded labor market there and, therefore, people in order to work may accept far weaker salary than those in Europe, who would be able to live only in very poor standards for such wage.

Autor: Kool Cats Photography over 3 Million Views

Another crucial fact is related to improving popularity of services. This field of economy is improvingly popular in countries, which are considered to be mature economies, such as for instance USA and countries of the Western Europe. In some of them from each 100$ generated by domestic producers, 70 per cent is made by enterprises in this field. It is more than twice and sometimes three times more than value of the products made in the topic of industry. Therefore, for example in terms of planning our career if we don’t find it crucial to work in field connected with our hobby, we are recommended to consider corporations.

To conclude, thanks to series of improvements in the international economy, industry and exceptionally its importance has decreased considerably. This implies that in the future it may be possible that physical work would be no longer worth its prices in Europe, as it is done significantly cheaper in the countries presented above. On our continent, however, there is place for research & development, which is also crucial for the growth of this sector.
Bookmark the permalink.

Comments are closed