Question

what is de-industrialization in 150 words

Answer 1

1. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.[3] At a more fundamental level, Cairncross[4] and Lever[5] offer four possible definitions of deindustrialization:A straightforward long-term decline in the output of manufactured goods or in employment in the manufacturing sector.
2. A shift from manufacturing to the service sectors, so that manufacturing has a lower share of total employment. Such a shift may occur even if manufacturing employment is growing in absolute terms
3. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.[3] At a more fundamental level, Cairncross[4] and Lever[5] offer four possible definitions of deindustrialization:A straightforward long-term decline in the output of manufactured goods or in employment in the manufacturing sector.
4. A shift from manufacturing to the service sectors, so that manufacturing has a lower share of total employment. Such a shift may occur even if manufacturing employment is growing in absolute termsThat manufactured goods comprise a declining share of external trade, so that there is a progressive failure to achieve a sufficient surplus of exports over imports to maintain an economy in external balance
5. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.[3] At a more fundamental level, Cairncross[4] and Lever[5] offer four possible definitions of deindustrialization:A straightforward long-term decline in the output of manufactured goods or in employment in the manufacturing sector.
6. A shift from manufacturing to the service sectors, so that manufacturing has a lower share of total employment. Such a shift may occur even if manufacturing employment is growing in absolute termsThat manufactured goods comprise a declining share of external trade, so that there is a progressive failure to achieve a sufficient surplus of exports over imports to maintain an economy in external balance
7. A continuing state of balance of trade deficit (as described in the third definition above) that accumulates to the extent that a country or region is unable to pay for necessary imports to sustain further production of goods, thus initiating a further downward spiral of economic decline.

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Answer 2

4

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