Well it has been a long journey, 6 years and on, and with each new year new glories being reached, new laurels being acquired. Oh Yes! I am talking about our very own, the department’s very own, Young Economist Students’ Meet (YESM). The 6th year since its inception and this is where we stand today. Boy O’ Boy. The brainchild of the department is coming of age. And if you are thinking that I will be giving you complex and rhetorical economic theories on industrialization and other-so-very-important-theories, you might have just jumped the gun.
“Investing for the future: Education and Development” (YESM 2011) and “Rethinking Capitalism”(YESM 2012), I witnessed only these two editions but I was told by my seniors that the previous editions were as good as the ones which I witnessed. It was in September 2010 when I first came to know about YESM, our present PG-2 batch were the organisers of the event, then came YESM 2012 where I was actively involved in many processes. And look at where I am standing now, the Convenor of the Meet this time around, with lots of responsibilities dangling on my shoulders.
“Reviewing India’s Industrialization: Problems and Prospects”, our broad theme for YESM this year, and well, the theme may seem simple but trust me a lot of trees had to be burnt in the process of selecting the theme.
Max Frisch had shot an arrow,
“The technologist was the final guise of the white missionary, industrialization the last gospel of a dying race and living standards a substitute for a purpose in living.”
Without delving into whether the technologist was the final guise or whether living standards was the substitute, which might call for some controversy, I agree to what Max Frisch had said about industrialization, yes...
... middle of paper ...
...cial awareness? The gap between the rich and the poor keeps on increasing. So is industrialization really the last gospel?
I started on the note that it is perhaps the last gospel, but after writing around 1.5 pages I am questioning myself only, and if this is the result of just writing a few lines, I just doubt how much impact industrialization has done through these years. But what is the alternative? Or is this industrialization with respect to our own utility maximization? No, I wont go on further.
I am leaving it to YESM 2013 to answer my questions, and I vouch for the fact that you all will also get your answers on India’s Industrialization, but for that you will have to patiently follow YESM 2013.
And I do agree to what Steven Levy has said,
“The world is poised on the cusp of an economic and cultural shift as dramatic as that of the Industrial Revolution.”
Industrialization is the process in which an economy is changed from an agricultural economy to a manufacturing approach and manual labor is replaced by machines in factories. Industrialization brought a more diverse amount of goods and more total goods and improved living for many but, for others it resulted in harsh working and living conditions for the poor and working class. Many positives and negative were present during the industrialization of the U.S. Positives such as more goods being distributed, easier way of doing things, and being able to mass produce. Negatives like children working long and difficult jobs and many workers having poor working conditions.
In an era where industrialization was king,
In this class we constantly talked about the free market place and how it truly made a government different. How it made a country different. How it made a people different. Today, we are going to explore the ideas of economics and how the economic greats, Adam Smith, Thomas Malthus, David Ricardo, John Stuart Mill, Karl Marx, John Maynard Keyes, and Milton Friedman changed the ways we would forever do business.
Nardinelli, C. (1993). Industrial Revolution and the Standard of Living. Retrieved February 25, 2014, from The Concise Encyclopedia of Economics: http://www.econlib.org/library/Enc1/IndustrialRevolutionandtheStandardofLiving.html
While the technocratic paradigm alone has indirectly incited the “growing awareness that scientific and technological progress cannot be equated with the progress of humanity and history”, Pope Francis calls on current civilians to rouse from their dormant lifestyle habits and take action before the entire civilization relies on “new forms of escapism to help endure the emptiness” that technology is slowly spreading—the very same emptiness found in the characters from Brave New World ( Francis
“Our Future Selves” by Eric Schmidt and Jared Cohen construct views on countries’ technologies that changes the world on a daily basis. Conversely, technologies reconstruct countries in various simpler ways to live throughout economic trends. Furthermore, the quality of life is massively changing with new technologies. Consequently, wealthy countries are viewed differently from poor countries towards technological advantages. Ordinarily, technologies have made the difficult obstacles so much easier than just by hand. Industries have utilized the advanced technologies to provide huge manufacturing productivity. Moreover, Eric Schmidt and Jared Cohen have some very compelling reservations within their article, “Our Future Selves”, on the trends
Every since the industrial revolution, society has moved to jobs, factories, manufacturing goods and products, and larger cities. This process called industrialization is when an economy modifies its way of living from an agriculture based living to the production of merchandise in factories. The manual labor that is required for farm work is replaced with mass production on assembly lines. Andrew Blackwell visits this idea of industrialization in Visit Sunny Chernobyl but to a higher extent. Blackwell states “today that society is an industrial one, resource hungry and plant-spanning, growing so inefficiently large, we believe that it is disrupting its own host… It’s not just about living sustainably. It’s about being able to live with ourselves,”
Industrialization can be viewed on the basis of various aspects such as the society, economy, politics and technology.
The Industrial Revolution began in England during the late 1700s, and by the end of its era, had created an enormous amount of both positive and negative effects on the world in social, economic, and even political ways. The revolution began to spread across the world, raising the standard of life for the populations in both Europe and North America throughout the 1800s. However, even with all of its obvious benefits, its downsides are nonnegotiable, forcing workers into horrendous living and working conditions, all inside of unkempt cities. While some might argue that Industrialization had primarily positive consequences for society because of the railroad system, it was actually a negative thing for society. Industrialization’s
When large production and technological innovation arose, change was created in social and economic lives. Before industrialization began, there were only two classes know, the rich and the poor. However, after industrialization, there were the middle working class and the rich. The rich were mainly factory owners and the middle workers were people from farms who migrated to the city to gain a better life and better work. Economically, industrialization made production increase. There was more than one source where people can go buy their goods and therefore, an increase in competition for the better product began. Then came the development of railroads and trains that helped workers get job opportunities. That is why industrialization has been and would be an important part of history.
“ As the first civilization to modernize, the West is the first to have fully acquired the culture of modernity.”
This is to say that even if one’s field of expertise is needed today, it may not be tomorrow. This type of ever-changing job market leads many to believe that another socio-economic change may occur at any time. This change was apparent with the transition into the industrial age and again in the information age. These concerns caused stress, various health issues, and economic troubles.... ...
When discussing industrialization much of what is discussed occurs during the industrial revolution. Unlike other revolutions which mostly impacted borders, territorial expansions, change in political regimes, etc., the Industrial revolution was change of a different sort. Occurring mostly within America and Europe, the Industrial Revolution impacted society as a whole by introducing innovations which impact the way one generally lives on a day-to-day basis. New machinery, methods, and techniques of producing goods such as the way clothes are made, or the way waste is produced changed the way society functioned. Overall, the Industrial Revolution improved quality of life. Initially, however such rapid change also caused human suffering of a
Ever since the Industrial Revolution (1780s), the impact of technology has been subject to public debate over its effect on employment – does it cause unemployment or does it underlie the huge increases in standards of living (Jones 1996, p.11)? While it is difficult to ascertain the relationship between technology and employment, all that can be said with any certainty is that technological advancement has the capacity to create revolutionary economic and social changes (Jones 1996, p.21). In order to provide a clear analysis of the impact of technology on employment, we need to take into account the consequences of technological transitions and seek to relate these to social, economic, political, and cultural factors occurring at the time.
Industrialization is the process in which a society transforms itself from an agricultural society, farming, to a society based on manufacturing goods and services, using machinery. The Industrial Revolution acquired a colossal impact on societies, making forceful changes in the lives of individuals, and changing the social classes drastically, but not all classes benefited equally. Those who were lucky enough to be business owners or had the opportunity to obtain a better profession, were able to enjoy leisure time and comfort in many ways. Those who were uneducated and were limited to unskilled labor work, remained at the bottom of the economic ladder. Furthermore, the two classes that benefited from the Industrial Revolution were the “upper” and “middle” class, leaving the “lower” class to be the only one who suffers. In other words, the rich got richer, the middle class grew, and the poor remained poor. The deeper the Industrial Revolution grew, the more powerful the “upper” and “middle” class became. To remain at the top of the social ladder, the upper class had to continue being the wealthiest and most powerful.