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Industry and Globalisation. The world's industrial areas. (The…
Industry and Globalisation.
The world's industrial areas.
The historical industrial regions
The United States
,
Japan
and the
Eruropean Union
They benefit from:
Advanced technology
High spending power of their local markets
Many large businesses' headquarters are located here
High-tech and innovative industry
Industry is in decline due to:
Offshoring of basic heavy industries
The loss of the consumer goods and equipment
Emerging countries
BRICS
(Brazil, Russia, India, China, South Africa) followed by
Australia
,
New Zealand
and other secondary emerging countries
Highly developed and growing industrialisation due to:
Exploitation of their abundant natural resources
Globalisation.
Cheap labour force
factories for producing cheap low- or medium-tech products for developed countries
With the capital and technology acquired, they can set up high-tech industries for the extensive local market or for developed countries
Russia
is a special case
It lost its global industrial ranking in the wake of the collapse of communism
Since the begining of the 21st century it has recovered by exploting natural resources.
The least industrialised areas
Poorest countries on Earth (such as those in Sub-Saharan Africa)
Causes of their limited industrialisation:
Lack of resources or capital for industrial development
Limited markets
Isolation due to poor communications
Factories producing low-tech goods are being set up in some of these countries by businesses from emerging countries