14.0 INTRODUCTION
INDUSTRIALIZATION – Industrialization is the process by which an economy transforms from primarily agricultural to one based on the manufacturing of goods.
LOCATION OF INDUSTRY – It Refers to the specific geographical site where an industry is established. It considers factors such as proximity to raw materials, markets, labor, and transportation.
LOCALIZATION OF INDUSTRY – It Refers to the concentration of similar industries in a particular area or region. It occurs when industries cluster together, benefiting from shared resources, labor, and infrastructure.
14.1 FACTORS INFLUENCING THE LOCATION OF INDUSTRY
- Proximity to Raw Materials: Industries often locate near sources of raw materials to reduce transportation costs.
- Market Accessibility: Being close to the target market helps in reducing delivery times and costs.
- Labor Availability: The presence of a skilled workforce can attract industries to a location.
- Infrastructure: Good transportation, communication, and utilities are essential for efficient operations.
- Government Policies: Incentives, tax breaks, and regulations can influence where industries choose to set up.
14.2 FACTORS INFLUENCING LOCALIZATION FOR INDUSTRY
- Agglomeration Economies: Industries benefit from being close to each other, sharing services, suppliers, and labor.
- Shared Resources: Access to common facilities, such as research and development centers, can encourage localization.
- Networking Opportunities: Proximity to similar firms fosters collaboration and innovation.
- Specialized Labor Pool: A concentration of industries can create a skilled labor market tailored to specific sectors.
- Infrastructure Development: Localized industries often lead to improved infrastructure, attracting more firms to the area.
14.0 PROBLEMS OF INDUSTRIALIZATION
- Environmental Degradation: Industrial activities can lead to pollution, deforestation, and depletion of natural resources.
- Urbanization Issues: Rapid industrialization can result in overcrowding, inadequate housing, and strain on urban infrastructure.
- Income Inequality: Industrialization may lead to wealth concentration among a few, exacerbating income disparities.
- Dependence on Foreign Technology: Reliance on imported technology can hinder local innovation and development.
- Labor Exploitation: Poor working conditions and low wages can be prevalent in some industries, leading to social unrest.
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