... increases in productivity, surplus income and output. This new system led to surplus income being invested in the privately run town or village enterprises for light manufacturing. Young workers were now offered a contract system of employment instead of the previous lifetime assignment to a production unit. Permission to start small businesses such as restaurants and shops were now given to families and individuals. The ... , inadequate transport, energy shortages, poorly developed schools and hospitals and much more. These problems are a universal consequence being faced due to Asian-s...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

... way. However, not everybody saw industrialization in a good light, for it deeply affected those who had a stake in the traditional economy. One of the industries that experienced those changes the most was the business of shoemaking in Lynn. Previous to the introduction of the original sewing machines, which are now universally used ... branch he was put at and stayed there unless changed. Of course, he could learn his portion very rapidly, for he was only responsible for that specific one. Doing the same thing all the time leads to expertise and speed, and that is what employers were l...

• Word Count: 2136
• Approx Pages: 9
• Grade Level: Undergraduate