deindustrialization.docx

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Department
Geography
Course
GGR124H1
Professor
Silvia D' Addario
Semester
Fall

Description
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 is, in a sense, the opposite of industrialization, and, 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? 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. The working class is a population consisting of blue-collar workers, who are particularly skilled and semiskilled laborers referred to as property-less factory workers. The manufacturing industry provided millions of working class citizens a ticket into the middle class. Many regard deindustrialization with alarm and suspect it has c
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