TY - BOOK ID - 84549537 TI - Deindustrialization : Causes and Implications AU - Ramaswamy, Ramana. AU - Rowthorn, Bob. PY - 1997 SN - 1462330878 1452764417 1283553937 9786613866387 145189337X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Labor KW - Industries: Manufacturing KW - Industries: Service KW - Production and Operations Management KW - Economic Growth of Open Economies KW - Industry Studies: Manufacturing: General KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Macroeconomics: Production KW - Industry Studies: Services: General KW - Empirical Studies of Trade KW - Manufacturing industries KW - Labour KW - income economics KW - Macroeconomics KW - International economics KW - Manufacturing KW - Productivity KW - Services sector KW - Trade balance KW - Economic sectors KW - Production KW - International trade KW - Economic theory KW - Industrial productivity KW - Service industries KW - Balance of trade KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84549537 AB - 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. ER -