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deindustrialization |
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deindustrializationDecline in the share of manufacturing industries in a country's economy. Typically, industrial plants are closed down and not replaced, and service industries increase. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It is one reason why the percentage of older workers is relatively low in the deindustrialised areas of north-east England and south Wales. The fashionable view is that the American economy is a busted flush, a hollowed-out, deindustrialised shell housed in decaying infrastructure that delivers McJobs and has survived courtesy only of a ramped-up housing market and the willingness of foreigners to hold trillions of dollars of American debts. |
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