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What is the relationship between modernization and economic growth?
Wiki User
∙ 12y ago
Industrialization was a time of change that led to the development of new ideas and machinery. It also led to more efficent development of new products. Industrialization was very important and helped our world move forward, helping us to get where we are today.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoModernization is defined by making something modern. "Modern" is characterized by industrialization (developed countries) and a big market, which leads to economic growth. These days, we are getting very savvy with technology and we have progressed into the "Digital Age" or era where there is a global competition to produce the newer, faster, technology. The consumption rate of such developed countries is incredibly high. In fact, the world's developed or "modern" nations take up 70-80% of the world's resources. Resource use is needed to keep production up, and consequently, economic growth. As newer countries attempt to make the transition between "undeveloped" to "modern" they must use more resources to create economic growth. By putting more hot ticket sell items on the market, and having buyers, helps the economy.
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What is the relationship between growth and synthesis?
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Inquiry can further spiritual growth.
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Zero relationship.
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