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To what extent does de-industrialisation explain Britain's poor performance as a manufacturing econo
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To what extent does de-industrialisation explain Britain's poor performance as a manufacturing econo The term deindustrialisation can have two meanings, either a relative decline in the importance of manufacturing, or an absolute decline bringing with it the problems of job losses, etc. In a world of industrial capital, rapid deindustrialisation has been the outcome for many of the older industrialised economies, and is in no way unique to Britain. British manufacturing has declined relative to other advanced capitalist countries, shown by the fact that the UK has lost more manufacturing jobs than any other European country between 1971-89, 2,800,000 in total ( Champion, 1990 ). There has been a shift towards the service sector, away from older industrialised areas, and the British economy has now entered a vicious circle of decline ( Amin, 1986 ). The short term effect is a retardation of domestic investment, but long term consequences include domestic...
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