You can manage bookmarks using lists, please log in to your user account for this.
Media type:
E-Article
Title:
Is Deindustrialization a Myth? Capital Mobility versus Absorptive Capacity in the U.S. Economy
Contributor:
BLUESTONE, BARRY
Published:
SAGE Publications, 1984
Published in:
The ANNALS of the American Academy of Political and Social Science, 475 (1984) 1, Seite 39-51
Language:
English
DOI:
10.1177/0002716284475001004
ISSN:
0002-7162;
1552-3349
Origination:
Footnote:
Description:
The current debate concerning the necessity and propriety of establishing an industrial policy for the United States turns, to a significant extent, on the question of whether the nation is undergoing deindustrialization. Using data on aggregate trends in manufacturing employment, Robert Z. Lawrence and others at the Brookings Institution claim that despite widespread plant closings during the 1970s, most employment loss was cyclical in nature and not permanent. In this article, new evidence on individual industries and regions is explored to test again the deindustrialization thesis. The conclusion of the current study is that while aggregate manufacturing employment has remained constant over the past decade, substantial permanent job losses have occurred in key basic industries and in particular regions of the nation. These employment losses pose a serious problem because the economy generally fails to provide comparable jobs in other sectors that can absorb the workers who become displaced.