The movement of manufacturing facilities overseas or the increased use of automation in industries is referred to as deindustrialization . This process reflects a shift from manufacturing to a service-oriented economy, significantly affecting local job markets. Understanding deindustrialization is critical to grasp its impact on employment and economic structures.
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The process of moving manufacturing facilities overseas or replacing workers with automation is called deindustrialization . This transition from manufacturing to service-oriented economies is influenced by globalization and technological advancements. Recognizing deindustrialization is important for understanding its impact on jobs and economic policies. ;