Deindustrialization

Process of reduction of industrial activity

Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor. At a more fundamental level, Cairncross and Lever offer four possible definitions of deindustrialization: A straightforward long-term decline in the output of manufactured goods or in employment in the manufacturing sector.

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