deindustrialising
Closing the factories
Deindustrialising is the British spelling of deindustrializing—the process of reducing or dismantling industrial activity in a region or economy.
A deindustrialising area sees factories close and manufacturing jobs disappear: The town has been deindustrialising since the steel mills shut down in the 1980s.
Previously developed, possibly polluted land
- blightPlant disease causing decay
- vacant lotsUnoccupied land parcels
- ghost townsDepopulated former communities
- inner-cityCentral part of metropolis
Moving work overseas
- outsourcingThird-party task delegation
- international tradeExchange across national boundaries
- free trade agreementTreaty eliminating tariffs between nations
- tariff reductionDecrease in import taxes
comparative advantage · foreign investment · emerging markets · supply chain · world market · economic integration · cross-border · trade deficit
Manufacturing facilities ending operations
- plant shutdownsPermanent factory operation halts
- layoffsMass job eliminations
- redundancyNeedless duplication
- unemploymentBeing without paid work
job losses · displaced workers · blue-collar · rust belt · skills gap · underemployment · workforce reduction · economic decline
Transforming a nation's financial system
- diversificationExpanding into varied areas
- service economySystem based on intangible work
- knowledge economySystem valuing expertise over manufacturing
- regenerationBiological self-repair process
retraining · revitalization · urban renewal · reinvention · tech hubs · redevelopment · transformation
Automaton design field
- digitizationAnalog-to-electronic transformation
- artificial intelligenceMachines mimicking human thought
- machine learningAlgorithms that improve from data
- cyber-physicalIntegrating computation with mechanics
computerization · mechanization · labor-saving · algorithmic · sensor technology · digital transformation · productivity gains
brownfield
Previously developed, possibly polluted land
- blightPlant disease causing decay
- vacant lotsUnoccupied land parcels
- ghost townsDepopulated former communities
inner-city · disinvestment · population loss · contaminated sites
offshoring
Moving work overseas
- outsourcingThird-party task delegation
- international tradeExchange across national boundaries
- free trade agreementTreaty eliminating tariffs between nations
tariff reduction · comparative advantage · foreign investment · emerging markets · supply chain · world market · economic integration · cross-border · trade deficit · multinational
factory closures
Manufacturing facilities ending operations
- plant shutdownsPermanent factory operation halts
- layoffsMass job eliminations
- redundancyNeedless duplication
job losses · unemployment · displaced workers · blue-collar · rust belt · skills gap · underemployment · workforce reduction · economic decline · hollowing out
economic restructuring
Transforming a nation's financial system
- diversificationExpanding into varied areas
- service economySystem based on intangible work
- knowledge economySystem valuing expertise over manufacturing
regeneration · retraining · revitalization · urban renewal · reinvention · tech hubs · redevelopment · transformation
robotics
Automaton design field
- digitizationAnalog-to-electronic transformation
- artificial intelligenceMachines mimicking human thought
- machine learningAlgorithms that improve from data
cyber-physical · computerization · mechanization · labor-saving · algorithmic · sensor technology · digital transformation · productivity gains
deindustrialisingindustrialising
Developing large-scale manufacturing
industrializing · reindustrializing · industrial growth · industrial development · mechanising
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