deindustrialization

the process in which a previously industrialized or industrializing economy, or society, or region, reverts partly or wholly to a preindustrialized form. This process may occur as the outcome of international economic competition (see DEPENDENCY THEORY, also IMPERIALISM).

To some degree, the process may also occur within developed societies (e.g. the recent regional decline of manufacturing industries such as textiles or shipbuilding in parts of Western Europe). Nor is it simply a recent phenomenon. Rather, it can be seen as a ‘normal’ aspect of the workings of capitalism on an international stage at all phases of its development. According to WALLERSTEIN (1974), societies as different as Poland and India are examples of economies which underwent periods of deindustrialization in the course of the development of the world economy.

deindustrialization

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.

deindustrialization

A shift in an economy from producing goods to producing services. Such a shift is most likely to occur in mature economies such as that of the United States. This shift has considerable impact on investors' view of the attractiveness of various industries.

Fig. 38 Deindustrialization. The distribution of gross national product shows how the industrial sector in advanced economies grows more slowly than the service sector. The figures for industry include those for manufacturing. Source: World Development Report, World Bank, 2004.

deindustrialization

a sustained fall in the proportion of national output accounted for by the industrial and manufacturing sectors of the economy, a process that is often accompanied by a decline in the number of people employed in industry (compare INDUSTRIALIZATION).

There is a well-established trend in advanced economies for the industrial sector to grow more slowly than the service sector, as shown in Fig. 38. For the UK, the share of industry in GDP fell from 43% in 1960 to 29% in 2002, while the share of services increased from 54% to 70%. Over the same period, employment in industry in the UK fell from 11.8 million in 1960 to 3.7 million in 2003.

Changes in sector shares may simply reflect changes in the pattern of final demand for goods and services over time, and as such may be considered a ‘natural’ development associated with a maturing economy. On the other hand, deindustrialization that stems from supply-side deficiencies (high costs, an overvalued exchange rate, lack of investment and innovation) which put a country at a competitive disadvantage in international trade (see IMPORT PENETRATION) is a more serious matter. In this case, deindustrialization often brings with it a fall in national output, rising unemployment and balance of payments difficulties.

The extent of deindustrialization in the UK was even more marked in the early 1980s because of Britain's artificially high exchange rate, bolstered by UK oil exports, which caused Britain to lose overseas markets.

See STRUCTURE OF INDUSTRY, STRUCTURAL UNEMPLOYMENT.

单词	deindustrialization
释义	deindustrialization de·in·dus·tri·al·i·za·tion D5105600 (dē′ĭn-dŭs′trē-ə-lĭ-zā′shən)n. A reduction in the size or share of the manufacturing sector in an economy. de′in·dus′tri·a·lize′ v. deindustrialization (ˌdiːɪnˌdʌstrɪəlaɪˈzeɪʃən) or deindustrialisation n (Economics) the decline in importance of manufacturing industry in the economy of a nation or area deindustrialization deindustrialization the process in which a previously industrialized or industrializing economy, or society, or region, reverts partly or wholly to a preindustrialized form. This process may occur as the outcome of international economic competition (see DEPENDENCY THEORY, also IMPERIALISM). To some degree, the process may also occur within developed societies (e.g. the recent regional decline of manufacturing industries such as textiles or shipbuilding in parts of Western Europe). Nor is it simply a recent phenomenon. Rather, it can be seen as a ‘normal’ aspect of the workings of capitalism on an international stage at all phases of its development. According to WALLERSTEIN (1974), societies as different as Poland and India are examples of economies which underwent periods of deindustrialization in the course of the development of the world economy. deindustrialization 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. deindustrialization A shift in an economy from producing goods to producing services. Such a shift is most likely to occur in mature economies such as that of the United States. This shift has considerable impact on investors' view of the attractiveness of various industries. Fig. 38 Deindustrialization. The distribution of gross national product shows how the industrial sector in advanced economies grows more slowly than the service sector. The figures for industry include those for manufacturing. Source: World Development Report, World Bank, 2004. deindustrialization a sustained fall in the proportion of national output accounted for by the industrial and manufacturing sectors of the economy, a process that is often accompanied by a decline in the number of people employed in industry (compare INDUSTRIALIZATION). There is a well-established trend in advanced economies for the industrial sector to grow more slowly than the service sector, as shown in Fig. 38. For the UK, the share of industry in GDP fell from 43% in 1960 to 29% in 2002, while the share of services increased from 54% to 70%. Over the same period, employment in industry in the UK fell from 11.8 million in 1960 to 3.7 million in 2003. Changes in sector shares may simply reflect changes in the pattern of final demand for goods and services over time, and as such may be considered a ‘natural’ development associated with a maturing economy. On the other hand, deindustrialization that stems from supply-side deficiencies (high costs, an overvalued exchange rate, lack of investment and innovation) which put a country at a competitive disadvantage in international trade (see IMPORT PENETRATION) is a more serious matter. In this case, deindustrialization often brings with it a fall in national output, rising unemployment and balance of payments difficulties. The extent of deindustrialization in the UK was even more marked in the early 1980s because of Britain's artificially high exchange rate, bolstered by UK oil exports, which caused Britain to lose overseas markets. See STRUCTURE OF INDUSTRY, STRUCTURAL UNEMPLOYMENT.
随便看	bacchus bacchus' cup bacchus (god) bacchus marsh lawn tennis club bacchus marsh model aircraft association bacchus (mythology) bacchus, priest of bacchus wind band bacchylides bacci bacci- baccies bacciferous bacciferously bacciform baccillus thuringiensis kurstaki baccilus baccio baccivorous baccivorously bacclaureus philosopiae bachelor of philosophy baccm baccn bacco bac concorde

deindustrialization

de·in·dus·tri·al·i·za·tion

deindustrialization

deindustrialisation

deindustrialization

deindustrialization

deindustrialization

Deindustrialization

deindustrialization

deindustrialization