The area of industry for a variety of people, who are asked about it, has relatively negative connotations. It is implied by the fact that we refer this term often to the emission of greenhouse gases, which are quite negative for the environment as well as are developed by almost each factory. In other areas there are also many of wastes developed, which is pretty harmful for the state of our planet.
However, in the reality we need to also be aware of the fact that for example this sphere is responsible for a lot of positive facts, such as establishing new buildings, growth of the technology etc. This implies that despite the fact that the services are becoming more and more influential in growing amount of countries, we are recommended to also keep in mind the role of the previously analyzed area is quite fundamental. Hence, plenty specialists in the area of economy alarm that European crisis in this topic is likely to have substantially worse results than we think (if we even do this).
This European crisis in the in the top considered field refers to the fact that on our continent growing number of factories are either closed or the amount of people employed in them is significantly reduced.
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It is indicated by the fact that, above all, concerning industry there is a significant rivalry from young economies, which have one common advantage for investors – relatively low labor costs, which are related to high labor supply.
Therefore, hiring European employees for them is no longer attractive from economical point of view, which proves that the trend in the future is significantly more likely to be related to picking countries such as China, India, Brazil or Russia.
Taking everything into consideration, the progress in the sphere of industry reflect the present economical situation on the Earth and the most crucial trends related to it. The trend is likely to be connected from switching the supply more to the East (from Europe), but still our continent can play a significant role concerning developing the technology.