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Economics glossary · The global economy

Deindustrialisation

What deindustrialisation means in economics, as one of effects on developed economies, with an example and a question to test yourself.

Definition
Deindustrialisation
Deindustrialisation is the fall in manufacturing's share of output and jobs, driven in part by factory work moving to lower-cost countries.
Example

Can you think of an example of deindustrialisation?

Test yourself

Can you name three effects of globalisation on developed economies?

Learn it properly: the module

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