Industrialization and social vulnerability

Presence of industries are like keystone sectors of the economy driving, galvanizing the entire
economy or otherwise bringing the economy in a downward spiral, depending on the present
performance of industrialization in that region. This is because of the intricate connection
between economic growth, the pace of industrialization in any region, backward and forward
linkages of this sector with the other major sectors of the economy-agriculture and tertiary
sector and proportionate multiplier effects. Economic status of the overall region as well as of
individual households depends crucially on the performance of the major economic sector in
any region, i.e. the secondary sector. When there is decline in industrialization, there is
trickledown effect to other economic sectors also. As overall cooling down of the economy
takes place, which in turn creates declining economic outcomes of the entire region because
of the inter-linkages between the different sectors of the economy. (Friedman, Hirschman,
Krugman model of industry as core sector and development of auxiliary sectors).