As well as this, Germany has higher, advance technology in engineering and industrial production and this factor can help Germany to have better economy when globalization is happening. Furthermore, Germany is one of the best exporters of the world market and these exports can lead Germany to be a big competitor in the mark economy. Due to globalization, the degree of trade openness of many countries has increased significantly (as measured by total exports and imports of goods and services as a ratio of GDP). In the German case, the relevant figure amounts to roughly 75% in 2008, compared with just over 60% in 1990. (Peter Hintereder and Martin Orth – 2013).
And part of the reason can be found in the southwest state of Baden-Wurttemberg. A castle that may have been date from the 1700s, but the economic model they’ve developed there is 21st century-plus. Baden-Wurttemberg’s high performer, Trump, Customers from Harley-Davidson to Apple buy their laser-driven metal cutting machines, $2.7 billion worth last year. The family-owned firm devotes 8 percent of revenues to R&D to keep its innovation edge. They invest even more in their 9,000-person work force, more than half here in Germany.
This machine was soon replaced because modernization in technology which “offered real benefits to workers” when before, machines were “relatively slow, unsafe, and physically demanding” (131). In other words, automation restructured American economy after World War II and served to be the main tool for manufacturing operations in which was followed by many other industries for fifteen years. Overall, the development of automation was a huge success in increasing the economy and productivity in helping the American city become what it is
Without a doubt, industrialization was one of the biggest factors in how the United States developed. It gave us the means of mass production, better transportation, and eventually the consumerist society that the United States is today. Industrialization did drastically change American society, but did it change America for the better? Did it do more good than bad? While industrialization did lead to multiple social and economic problems, the advantages significantly outweigh the disadvantages.
In fact “Colorado ranks 22nd in population among the 50 states” (world book “Colorado”). As a result of it being ranked so high, the state must have a lot of money. Another reason it’s population can affect economy is “Service industries account for the the largest portion of Colorado’s employment” ( world book “Colorado”). The reason why
During The Revolution, inventors and engineers improved technology by making it easier to transport goods and be able to create more things due to advanced technology and machinery at the time. Merchants and manufacturers built factories and exploited a wide range of resources and as the output increased, goods that had once been luxury items became part of everyday life. As mass production spread, the American Industrial Revolution began to come of age. In the article, Consumerism and the Industrial Revolution, Ben Fine and Ellen Leopold argue that consumerism had a major effect on the ‘lower classes’ of the time and urbanization created a much higher standard of living than ever before (Fine and Leopold). This relates to my topic and how the demand of lower classes increased because of all of the new products were coming in.
The Industrialization of America no doubt was a leading factor that turned it into the super power it has become today. America was large enough, had enough supplies, and boosted its American innovators that the Industrialization of the country catapulted it into one of the most powerful nations in the world. This feat was very impressive considering how young the country was at the time and still is today. All of this, however, would not have been possible without the average American worker working the factories and making the goods. From the Civil War to the beginning of Americas imperialistic period, the worker faced hardship and adversity in their lives battling out working conditions or struggling to maintain a living with such unfair
Industrialisation affected the start of World War 1 as it led to improved military technology which increased the likelihood for one’s nation to win. Great Britain was the first to industrialise rapidly after 1870 and was whom the main competition could be seen between. Essentially, Militarism and Industrialisation were two causes that prominently linked as the improvement and growth in manufacturing lead to having a stronger nation. As a result of having a strong nation, other countries wanted to link up with those that were advanced. Those who were a part of a developed and successful country were more patriotic as they believed they were part of something great.
Johnson & Johnson currently has a 10.4% market share of the Pharmaceutical Manufacturing industry. They have the second largest share of this industry, just behind Amgen at 10.9%. By looking at the revenue and operating income for Johnson & Johnson, we can see their margins and evaluate their performance. Johnson & Johnson’s operating profit margin improved from 2015 to 2016 but decreased significantly from 2016 to 2017. The operating profit margin for the company as a whole in 2016 was 28.72% and in 2017 it was 24.07% (Appendix A).
Industrial expansion is important because when there is more business in the industry, that leads to more jobs, more workers, and more money. The United States can increase the economy and then we be become a strong industrial nation. The last thing that comes with the expansion is military. Alfred Thayer Mahan had believed that, “No modern nation could be a great nation without a powerful navy, a superior merchant fleet, and overseas colonies. Mahan is talking about how our nation will not be a good country without the powerful things we need.