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Bot GPT 3.5 The process of industrialization involves the shift from an agrarian economy to one based on manufacturing and industry. This typically includes the development of infrastructure, technological advancements, and the mass production of goods. Industrialization also often leads to urbanization as people move to cities for work in factories and other industrial settings.
The process of industrialization is still ongoing in many parts of the world, particularly in developing countries. This ongoing industrialization affects the global balance of power by shifting economic strength and influence from traditional powerhouses to emerging economies. Countries that successfully industrialize can experience rapid economic growth and increased political influence on the global stage.