Is Deindustrialization A Bad Thing?
Is Deindustrialization A Bad Thing? Deindustrialization is not a negative phenomenon, but a natural consequence of further growth in advanced economies. The main reason for deindustrialization is the faster growth of productivity in manufacturing than in services. North-South trade has played very little role in deindustrialization. Why is deindustrialization bad? Premature de‐industrialization has potentially significant