As the economy concludes another rotation around the sun, development rates have proceeded to alleviate modern industries. However, this has left traditional markets to fend for themselves.
Adapting to the world
With the adoption of a fast-paced environment, the world shines its light on the industries that prioritise pace. Modern infrastructure that is able to produce quick results, with the assistance of automation, has attained high regard in the market. Due to these shifting priorities and a failure to adapt, traditional industries are on their way to extinction.
This scenario is getting accelerated as time goes on. Maine was once a global leader in pulp and paper manufacturing, which seeded efficient development, across the American state, over the last century. However, the years ranging from 2013-2016/17 have witnessed the closure of paper and pulp mills. Resulting in the loss of 12% of its peak employment figures.
Rural vs Urban
Traditional industries sustain the livelihoods of many households across the globe. Ranging from the export of traditional handicrafts to the local production of necessities, these industries have held enormous responsibility to trebuchet the market of today. With industrialization and the rise of automation, the avenues for their existence have continually diminished.
Urban areas constitute most of the global market. With job evolution lending a hand, people have found it convenient to gravitate towards attractive economic opportunities, leaving their traditional roots in the mud. This has created the need for fast-paced development, something that can’t be rivalled by the slow nature of traditional industries.
A forced transition
Due to the destruction of traditional industries, people from rural areas have had to migrate to urban areas in the search for jobs. Men who could earn enough money from activities like pottery are now employed by construction sites to help in the construction of future avenues hosting trade. These scenarios have also led to the rise of disbelief among rural communities.
Areas that have been native to urban development live their lives as usual, however, rural areas are having to adapt to the new norms. The rise of cheaper imports and declining demand is not a global effect. For those that have lived in rural areas since their childhood, it is a personal effect. Their viewpoints stem from despair and confusion whereas urban areas are left to wonder about new ways of accelerating development.
The enormous exploitation of natural resources is keeping modern industries alive. This has led to rural areas, situated on mineral rich landscapes, being displaced in the search for profitability. This has led to many people working in the traditional industry to abandon their work cand move to other sources of income.
A way forward
The rates of development are testament to the vividly clear nature of capitalism. Ever since its inception capitalism has shown selflessness and disregard for industries, successful before its reign. It falls on the government to provide solutions and to define development from a new perspective. A perspective that considers the realm of ethics.