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deindustrialization |
Also found in: Financial, Wikipedia, Hutchinson | 0.01 sec. |
deindustrialization, deindustrialisation [ˌdiːɪnˌdʌstrɪəlaɪˈzeɪʃən] n (Economics) the decline in importance of manufacturing industry in the economy of a nation or area 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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It is one reason why the percentage of older workers is relatively low in the deindustrialised areas of north-east England and south Wales. The fashionable view is that the American economy is a busted flush, a hollowed-out, deindustrialised shell housed in decaying infrastructure that delivers McJobs and has survived courtesy only of a ramped-up housing market and the willingness of foreigners to hold trillions of dollars of American debts. |
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