Deindustrialization. at Political Glossary

What is it? This is the decline in the manufacturing sector and rise of the services sector of the economy. Since manufacturing jobs pay well, one consequence of deindustrialization is a decline in wages and the average standard of living.

Political Definition Added By: Sam

Send To Friends!

If you'd like to send the Deindustrialization. definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Deindustrialization.. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Political Terms:

Political Term MAD (Mutual Assured Destruction) is A situation in which each nuclear superpower has the capability of launching a devastating nuclear second strike even after an enemy has attacked it. The belief that a MAD capacity prevents nuclear war is the basis of deterrence by punishment theory.

Political Term UN Development Programme (UNDP) is An agency of the UN established in 1965 to provide technical assistance to stimulate economic and social development in the economically less developed countries. The UNDP has 48 members selected on a rotating basis from the worlds regions.

Political Term Foreign direct investment (FDI) is Buying stock, real estate, and other assets in another country with the aim of gaining a controlling interest in foreign economic enterprises. Different from portfolio investment, which involves investment solely to gain capital appreciation through market fluctuations.

Political Term Entrenched Clause is A section of a constitution or legislation which cannot be repealed or amended, unless by a special process such as a referendum.

Political Term BIRTH RATE is the number of live births in a country per thousand population per year (Contrast FERTILITY RATE)