The concept of globalization should not be new to you.
Globalization substantially means advancement in the integration and exchange of resources.
Now, when there is globalization, there is industrialisation.
And don't you think that a rapid increase in urbanisation is largely affecting the primary sector, which is highly exploitative?
Primary sector- This sector of economy includes use of natural resources such as agriculture, fishing, mining etc.
Now to answer the former question, we need an example.
There is a farmer who maintains his livelihood by selling vegetables and by producing grains. Grains such as wheat, rice, paddy and maize. Everything is flowing smoothly. On a sunny day wishing for rain, he gets a very strong feeling that things are going to be devastating. His production fails. All of his money that he had spent on irrigation and buying goods like crops and urea, lost. This was the second year, and his production failed, yet again.
Without any further risking, he moves into a city. He searches for a few jobs, and fortunately he gets a new job in tertiary sectory which pays him good enough to maintain his life and livelihood. He starts saving for his children's education. He starts picturing a secure future.
There are a few points he notices in both fields when he deeply looks at the status quos.
a.) There were no savings when he was into farming, and he dissects the low rate of economic growth.
b.) He couldn't see a secure future.
c.) Even if this new job doesn't promise him a secure future, he has ideas. He has resources. He has his own savings. He is open to quit this job, and this experience level will help him find a new and a better job than the previous one.
d.) Tertiary sector is full of jobs, and not parochial like primary sector.
e.) Instability of output of agriculture sector.
So, what do we conclude?
We conclude that the soared increase in industrialisation, and hence resulting into urbanisation largely affects the primary sector which is very important for less developed countries.
Okay, a quick question at the end of this short knowledge segment (brought to you by viden.io).
Don't you think the day is not so far when secondary and tertiary sector will superpose the outweigh of primary sector?
And oh, the farmer is thinking to relocate his family members to the new city.
Added: 1 year ago