what is the meaning of Deindustrialization ? dicuss
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De-industrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry.
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De-industrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry.
The main reason for deindustrialization is the faster growth of productivity in manufacturing than in services. North-South trade has played very little role in deindustrialization.
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