Deindustrialization [electronic resource] : Causes and Implications, Ramaswamy, Ramana.
- Washington, D.C. : International Monetary Fund, 1997.
- IMF eLibrary
IMF Working Papers; Working Paper No. 97/42.
IMF Working Papers; Working Paper No. 97/42
- Government document
1 online resource (38 p.)
- Local subjects:
- Agricultural employment.
Rates of unemployment.
Share of employment.
Structure of employment.
- All advanced economies have experienced a secular decline in the share of manufacturing employment—a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the industrial dynamism in an already developed economy, and that North-South trade has had very little to do with deindustrialization. The paper also discusses the implications of deindustrialization for the growth prospects and the nature of labor market arrangements in the advanced economies.
- Description based on print version record.
- Ramaswamy, Ramana.
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- Restricted for use by site license.
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