GGR124H1 Study Guide - Economic Globalization, Offshoring, Spatial Mismatch
23 Dec 2013
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Document Summary
Deindustrialization, as the name suggests is the decline of industries. It occurs when a country or region loses industrial capacity, especially heavy industry or manufacturing industry. This process is often attributed to off-shoring, which is itself a consequence of increased global free trade. Deindustrialization like industrialization, deindustrialization may have far-reaching economic and social consequences. One of the most dramatic social changes of the past half-century has been the decline of manufacturing employment in democratic states. What caused this dramatic social change? industrialization, and, is, in a sense, the opposite of. Research on deindustrialization, considers it one of the most controversial explanations that has been the impact of economic globalization. This phenomenon widely referred to as deindustrialization is triggering the fall of employment in the manufacturing sectors of the world"s most advanced economies due to economic stagnation and inflation. This economic change primarily has a large effect on the working class community.
