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Impact on Developing Countries of Industrial Technolgy

ake one example, freight transport has been revolutionized by the cargo container. A cargo container is simply a big steel box, not a sophisticated piece of technology. However, "containerization" -- the design of freight facilities and handling equipment to move loaded cargo containers between ships, trains, and trucks, has dramatically reduced shipping costs. The result has been the globalization of manufacturing, and the spread of manufacturing to many previously less-industrialized countries. Possibly no other technology of the past 50 years has had a larger impact on the developing world.

The Rise of Industrial Technology and Development:

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Impact on Developing Countries of Industrial Technolgy. (1969, December 31). In LotsofEssays.com. Retrieved 04:31, May 19, 2024, from https://www.lotsofessays.com/viewpaper/1696471.html