The industrial revolution is considered as the main force behind the globalization. Give arguments to support this. (150 words)

The industrial revolution is considered as the main force behind the globalization. Give arguments to support this. (150 words)

Approach

  • Briefly explain industrial revolution and globalization in introduction.
  • Give factors explaining how industrialization leads to globalization.
  • Conclude appropriately.
Model Answer :

Industrial Revolution (IR) was the transition of an agrarian and handicraft economy to one dominated by  industry and machine manufacturing. It began in Britain in the 18th century and from there spread to other parts of the world. It included, new chemical manufacturing  and  iron production processes, the increasing use of  steam power, the development of  machine tools and the rise of the  factory system.

Globalization is a multidimensional concept. It has political, economic and cultural manifestations like freer movement of capital, people and trade. And it is about the increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture.

Industrialization is considered as the main impetus to the globalization because of following reasons:

  • The first industrial revolution brought major advancements in the field of combustion engines, transportation etc. which set the stage of globalization.
  • Industrialization also required various raw materials sourced from different countries, thus pushing for globalization.
  • As large amount of low cost goods were produced for the profit motive, different markets were required to sell the goods.
  • Industrialization fostered the competition among the firms across the world for low cost of goods as people of different countries preferred to buy the least cost good.
  • Cheap labor was required for the maximum profit, and often industries were moved to low cost locations in other countries.

Hence Industrialization and globalization, both are interlinked to each other. Industrialization is difficult without globalization; similarly globalization is incomplete without industrialization.

Subjects : History and Culture