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Industrial and Economic Development
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Industrial and Economic Development
Economics
Sectors of the Economy
Impact of the 4th IR
51.7% of the world's population is online
293 billion emails sent per day
20 million manufacturing jobs lost to automation by 2030
4th Industrial Revolution
Currently Developing
Information and Robotics
Growth of robotics, information technology, and biomedical industries.
2nd Industrial Revolution
USA - 1800's (19th Century)
Mass Production
Use of electricity and internal combustion engine; assembly line, steel, automobiles, airplanes, chemicals, and consumer appliances. Using machines to make parts for machines.
Educating Afghan Girls
3rd Industrial Revolution
USA and Western Europe - 1950 (Post WWII)
Automation
Computers, electronics, information industries.
Read page 492 and consider the following question:
How might overcoming barriers to gender parity in Afghanistan affect the country's economic development?
1st Industrial Revolution
Britain (England) - 1700's (18th Century)
Mechanization
Use of steam power, growth of textile (fabric/clothes), coal, iron, and steel. Railroads.
Primary Sector
Agriculture and extraction of natural resources
Secondary Sector
Manufacturing, production, construction
Tertiary Sector
Services; commercial and personal
Quaternary Sector
Information Technology; research, management
Quinary Sector
Highest levels of education and leadership
Postindustrial Economy
As a country industrializes, the employment in the primary sector declines. Employment in the secondary sector grows temporarily. After it industrializes, tertiary employment grows, and the quaternary and quinary jobs see an increase.