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De-industrialization |
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De-industrializationA decline over time in the share of the manufacturing in an economy, usually accompanied by growth in the share of services. Typically accompanied by an increase in manufactured imports, it may raise concern that the country is losing valuable economic activity to others.Similar MatchesImport substituting industrializationImport substituting industrializationA strategy for economic development based on replacing imports with domestic production. (ISI) |
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