AP+Geo+Unit+6

Industrialization and Economic Development
The next unit deals with industrialization and economic development. What factors determine economic success? Why do certain societies make the jump from an agricultural society to an industrial society and then eventually move to a tertiary (service-based) economy? Globalization and the spread of products through economic pacts, as well as the world's economic structure, will be discussed. Industry and economic development eventually lead to increased capital. Where there is increased capital, politics comes into play. Authorities allocate the use of the capital to meet the demands of the citizens of a country. The type of political system determines how efficiently demands are met with the capital from either economic development or international donations.