deindustrialization

British  

/ ˌdiːɪnˌdʌstrɪəlaɪˈzeɪʃən /

noun

1. the decline in importance of manufacturing industry in the economy of a nation or area

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Example Sentences

This partly explains, Cembalest writes, the deindustrialization that has afflicted its economy so debilitatingly in the last few years.

From MarketWatch

Emissions continued declining due to green electricity and deindustrialization, but the rate didn’t change much.

From The Wall Street Journal

What it says about America: A country facing deindustrialization and stagflation turned toward escapist glamour and pop songs that fused funk, soul and R&B—and got people on the dance floor.

From The Wall Street Journal

New England experienced America’s first deindustrialization.

From The Wall Street Journal

Still, risks include tariffs, EU deindustrialization and an aggressive expansion in China that could squeeze margins, the analysts add.

From The Wall Street Journal