International Journal of Research in Social Sciences
Year : 2016, Volume : 6, Issue : 11
First page : ( 201) Last page : ( 206)
Online ISSN : 2249-2496.

Why Not Industrialization?

Joy Varghese

Assistant Professor, School of Commerce, Rajagiri College of Social Sciences (Autonomous), Kalamassery

Online published on 24 April, 2018.

Abstract

Industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial one, involving the extensive re-organization of an economy for the purpose of manufacturing. It took place from the mid-18th to early 19th century in certain areas in Europe and North America; starting in Great Britain, followed by Belgium, Germany, and France. Industrialization leads to a great transformation in our economy; which was primarily a labour intensive one and after this revolution in the production sector it transforms into a capital intensive economy. The evils of capital intensive economy greatly question the survival of mankind in the earth. Establishment of industries has contributed to the development of the world but on the other side world economies and mankind suffered a lot from the industrialization. In this paper the researcher analyzes for negative impacts of industrialization in four different perceptions. Mainly this paper focusing on labour exploitation, environmental problems, changes in lifestyle and value erosion.

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Keywords

Environmental Problems, Industrialization Labour Exploitation Lifestyle, Value Erosion.

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