Deindustrialization

Deindustrialization and International Trade Economy

In relation to international trade economy, Christopher Mark (1993) provided the following definition of Deindustrialization: A term denoting a negative impact of international competition on the overall size of a country's manufacturing sector (also known as “hollowing-out”). Generally refers to an absolute decline in industrial output or employment rather than simply a decline relative to other sectors of the economy (i.e., structural change).

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See Also

• International Economic Law
• Economy
• Foreign Direct Investment
• Economic Law