deindustrialization
deindustrialization The diminishing proportion of either national production or the labour-force of the richest Western nations engaged in the primary and secondary industrial sectors. The extent of, and reasons for, deindustrialization are a matter of controversy. Though some such trend is evident in all the major Western economies, in only a few (notably Britain) has it coincided with falling investment, and an absolute decline in manufacturing capacity.
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deindustrialization