Benefits of Industrialization in Germany

 

  • Have led to infrastructural development in form of air ports, roads, electrified railways, tunnels, bridges and power stations. These facilitate mobility, trade and commerce and movement of industrial raw materials and finished goods.

  • Growth of towns and ports which offer social and economic benefits like better accommodation, recreation to improve people’s standard of living.

  • Provision of market to agro-based industries such as meat packing, leather tanning, footwear and textileindustries through providing cotton, silk worms, hides and skins.

  • Provision of employment opportunities hence a source of which improves on the standard of living.

  • Source of foreign exchange through exportation of finished products such as electronics, televisions and radios. This is used to provide social services.

  • Have promoted international relations between Germany, USA and Africa and European countries. Such good relations have promoted security and political stability and trade creation.

  • Acquisition of skills to workers employed in the precision, electronics, automobiles, oil refineries and petro-chemical industries. Such skills include welding, modern engineering techniques etc.

  • Have led to capital inflow through foreign investors such as Ford motors, Unilever, such capital is used to develop roads, health centers and schools.

  • Source of government revenue used to develop the country by providing social services.

  • Has led to economic diversification reducing reliance on agriculture, tourism and international trade and an alternative source of income.

  • Industrialization is a source of consumer and capital goods such as beer, sodas, canned fish, television sets etc. this has led to improvement of people’s standard of living.

  • Industrialization has promoted self sufficiency in Germany reducing foreign exchange outflow on importation of manufactured goods from USA, Europe and Asia.

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