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deindustrialization
(redirected from deindustrialize)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.04 sec.

deindustrialization

Decline in the share of manufacturing industries in a country's economy. Typically, industrial plants are closed down and not replaced, and service industries increase.



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Whether the choice was made with an awareness of the social consequences is, of course, a nother matter; but it is clearly the case that the choice to deindustrialize was made with a thorough understanding of who would lose in the new economy.
McKenzie shows that the United States did not deindustrialize during the 1980s.
 
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