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Preferred term

deindustrialization  

Definition

  • Deindustrialization refers to the large-scale loss of manufacturing jobs, a process of capital abandonment that generally leaves devastated communities in its wake. The process reflects the mobility of capital, its constant and restless search to minimize costs and maximize profits, and its mounting ability to pit places against one another and force workers to make concessions in wage rates and benefits. [Source: Encyclopedia of Geography; Deindustrialization]

Broader concept

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URI

https://concepts.sagepub.com/social-science/concept/deindustrialization

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