Deindustrialization

DeindustriaHIlization is the process by which a country or region moves from a Manufacturing-based economics to a service economy or inforlity, and by an increase in Unemployment#Structural_unemployment.

Excellent examples of deindustrialization include:

*Northern England (particularly the cities of Manchester, Leeds and Bradford) in the 1980s. Previously a global center of textile manufacturing, the region was subject to a long period of decline culminating in the 1980s, as the industry shifted to countries in South Asia, Southeast Asia and China.

*Detroit, Michigan, Michigan and surrounding areas in the late 1980s. Its economy dominated by the automotive manufacturing industry, the region was devastated when companies such as General Motors relocated many of their production facilities to Mexico.

*Patras, Greece as well as other areas of Greece and Southern Europe were deindustrialized during the late 1980s and early 1990s as a result to the reemergence of the Eastern European markets after the fall of communism. Other factors were the discorvengence with the rest of EU (then E.E.C.) entrance and lack of flexibility of the local economy. Big production units like the Piraikí-Patraikí textile plant and the Ladopoulos paper mill closed and hundrends of employees were laid of. Reportedly, Pirelli and other companies relocated their production facilities from Patras to eastern european countries in an effort to cut back on rising labor and production costs.