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Deindustrialization |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.01 sec. |
Deindustrialization A situation in which an economy begins producing more services than goods. An analyst may say that deindustrialization is occurring when decreases in manufacturing are accompanied by increases in consulting companies. This can be beneficial to some sectors; indeed, some investors look for evidence of deindustrialization to know what industries are likely to be profitable. However, deindustrialization can be detrimental to some workers and regions. For example, as the United States has deindustrialized, the city of Detroit, which is home to many automakers, has lost approximately half of its population, and consistently maintains a high unemployment rate relative to the rest of the country. 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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Rather, government agencies, business groups, and labor unions combined to promote the growing comfort of white citizens and the growing isolation of Blacks in deindustrializing cities. It's clear that in Decatur, as in the rest of the rapidly deindustrializing United States, community is being transformed. That's not trade, it's deindustrializing this country. |
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