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Industrialisation also means the mechanisation of traditionally manual economic sectors such as agriculture. Factories, refineries, mines, and agribusiness are all elements of industrialisation. Industrialisation (UK) or industrialization (US) is the period of social and economic change that transforms a human group from an agrarian society ...
During the Cold War, the other Warsaw Pact countries, organised under the Comecon framework, followed the same developing scheme, albeit with a less emphasis on heavy industry. Southern European countries such as Spain or Italy industrialised moderately during the late 19th and early 20th centuries, and then experienced economic booms after the ...
The Industrial Age is defined by mass production, broadcasting, the rise of the nation state, power, modern medicine and running water. The quality of human life has increased dramatically during the Industrial Age. Life expectancy today worldwide is more than twice as high as it was when the Industrial Revolution began.
A developed country, or advanced country, [3][4] is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national ...
t. e. The Industrial Revolution, sometimes divided into the First Industrial Revolution and Second Industrial Revolution, was a period of global transition of the human economy towards more widespread, efficient and stable manufacturing processes that succeeded the Agricultural Revolution. Beginning in Great Britain, the Industrial Revolution ...
Newly industrialized country. The category of newly industrialized country (NIC), newly industrialized economy (NIE) [1] or middle income country[2] is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much ...
Newly industrialized countries [22 ... countries have different development ... of by developed countries. It does not necessarily mean that former colonies are still ...
The concept of a forum for the capitalist world's major industrialized countries emerged before the 1973 oil crisis.On 25 March 1973, the United States Secretary of the Treasury, George Shultz, convened an informal gathering of finance ministers from West Germany (Helmut Schmidt), France (Valéry Giscard d'Estaing), and the United Kingdom (Anthony Barber) before an upcoming meeting in ...