Industrialization and its effects on economic development are complex processes with many factors to consider. The document discusses key concepts like the theories of modernization, dependency, and world systems in explaining industrialization. It also examines the historical diffusion of industry from 18th century Britain and how economic cores and peripheries evolved. Contemporary patterns are shaped by globalization and infrastructure development in primary regions like Europe, East Asia, and North America, as well as secondary regions in Latin America, Southeast Asia, and Africa. Both more and less developed countries face ongoing challenges from these shifts.