ABSTRACT
Developing nations including the oil-rich ones are anxious to move into the industrial age and experience their own version of the Industrial Revolution. The secret is that industrialization creates a multiplier or ripple effect; each factory leads to the establishment of satellite factories supplying parts; to the building of townships; to the construction of the infrastructure, such as roads; to increased energy consumption; to the refinement of vocational skills and to a number of other similar improvements. Value added in manufacturing expresses the difference between the cost of the finished manufactured products and the sum total of the cost of individual products. Steel has long been acknowledged as the bellwether of industrial development, and its production is an industrial development, and its production is an indicator of the general level of industrial activity. Assembly line repetitive work and the consequent monotony are the bane of industrial society.
