Industrialization In Developing Countries Essay

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ROLE OF INDUSTRIALISATION IN DEVELOPING COUNTRIES Industrialisation is the process in which a society or country transforms itself from a major agricultural society into one based on the production of goods and services. It is the process of turning to a socioeconomic order in which industry is superior. Individual human labor is often replaced by mechanized mass production and craftsmen are substituted by assembly lines. Industrialisation plays a crucial role in the economic growth of a developing country. The historical facts reveal that all the developed countries of the world broke the vicious circle of underdevelopment by industrialisation. It helps a developing country to achieve, increase in per capita income, growth in international …show more content…

Industrialisation has a major impact in the Brazil economy in terms of vigorous growth in certain industries which is accounting to a good part of government revenue and national income. The automobile industry is expanding rapidly with major sources of foreign investment and the construction of new manufacturing plants. Brazil mines and refines petroleum products. The country in 2002 had 13 oil refineries with a total production capacity of 1,786,000 barrels per day. In South Africa the manufacturing industry 's contribution to the economy is relatively small, providing just 13.3% of jobs and 15% of GDP. Labour costs are low, but not nearly as low as in most other emerging markets, and the cost of the transport, communications and general living is much higher. BMW, Ford, Volkswagen, Daimler-Chrysler, General Motors and Toyota all have production plants in South Africa. Industrialisation boosted up the economy and is developing rapidly. Diamond mining advanced to more progressive with the coming up of industrialisation. Industrial progress also is providing prosperous growth in other sectors like agriculture, telecommunications, service etc. Evidences shows that per capita income and standard of living increased recently due to the impact of

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