Industry Development
advantages-
• Industrialisation has the potential to help achieve a variety of social objectives such as employment, poverty eradication, gender equality, labour standards, and greater access to education and healthcare. If carried out in a sustainable manner, taking into account the often fragile nature of the surrounding environment, societal patterns and economic conditions, this can achieve lasting improvements in living standards, incomes, working conditions, education and healthcare. technological advances jobs economy cheaper goods(due to mass production) high standard of living, overall development of the surroundings
Improvements in living standards: Growth is an important avenue through which better living standards and lower rates of poverty can be achieved. This is particularly true for countries who regard growth as a key route for poverty reduction among their population. According to a report published in August 2004 by theAsian Development Bank (ADB), rapid growth in many of the countries in the Asian region has reduced the number of people living on less than $1 a day fell to 22% of the region's population in 2002. That compares with 34% in 1990 and shows "considerable progress in the fight against poverty."
Rising Employment: Growth stimulates higher employment. As we can see from the chart below, the sustained growth in the British economy since 1993 has helped to bring about a large rise in total employment, the number of people in work has risen from 2.53 million at the start of 1993 to nearly 29 million thirteen years later. This is a very impressive employment creation record, much better than most other countries in the European Union.
Potential environmental benefits – richer countries have more resources available to invest in cleaner technologies. And, as nations move to later stages of development, energy intensity levels start to fall. Much depends on how many resources an economy is willing to devote to
• Industrialisation has the potential to help achieve a variety of social objectives such as employment, poverty eradication, gender equality, labour standards, and greater access to education and healthcare. If carried out in a sustainable manner, taking into account the often fragile nature of the surrounding environment, societal patterns and economic conditions, this can achieve lasting improvements in living standards, incomes, working conditions, education and healthcare. technological advances jobs economy cheaper goods(due to mass production) high standard of living, overall development of the surroundings
Improvements in living standards: Growth is an important avenue through which better living standards and lower rates of poverty can be achieved. This is particularly true for countries who regard growth as a key route for poverty reduction among their population. According to a report published in August 2004 by theAsian Development Bank (ADB), rapid growth in many of the countries in the Asian region has reduced the number of people living on less than $1 a day fell to 22% of the region's population in 2002. That compares with 34% in 1990 and shows "considerable progress in the fight against poverty."
Rising Employment: Growth stimulates higher employment. As we can see from the chart below, the sustained growth in the British economy since 1993 has helped to bring about a large rise in total employment, the number of people in work has risen from 2.53 million at the start of 1993 to nearly 29 million thirteen years later. This is a very impressive employment creation record, much better than most other countries in the European Union.
Potential environmental benefits – richer countries have more resources available to invest in cleaner technologies. And, as nations move to later stages of development, energy intensity levels start to fall. Much depends on how many resources an economy is willing to devote to