What is industrialization Joel Mokyr 2007

Industrialization is a process of accelerated socio-economic transition from the traditional stage of development to the industrial one, with the predominance of industrial production in the economy. This process is associated with the development of new technologies, especially in industries such as energy and metallurgy. In the course of industrialization, society also undergoes some changes, its worldview is changing. A positive attitude to work, combined with the desire to use new technologies and scientific discoveries as quickly as possible, also contribute to the accelerated growth of production and incomes. As a result, an ever wider, ultimately, global market for products and services of all kinds is formed, which in turn stimulates investment and further economic growth.