Is Deindustrialization a Myth? Capital Mobility versus Absorptive Capacity in the U.S. Economy

Datos Bibliográficos

ID9754529
AutoresBarry Bluestone (autor de correspondencia)
Año1984
Volumen475
Número1
Páginas39-51
Fecha de publicación1984-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Annals of the American Academy of Political and Social Science (JOURNAL)
Identificadores de la revistaISSN: 0002-7162 • E-ISSN: 1552-3349
EditorialSAGE Publications (PUBLISHER • US)
DOI10.1177/0002716284475001004
OpenAlexW2159882888
IdiomaEN
Citas recibidas22
Referencias citadas1

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

Capital (architecture · Deindustrialization · Economic growth · Economics · Economy · Institution · Job loss · Labour economics · Mythology · Political science · Unemployment · Economic Growth and Productivity · Economic Theory and Policy · Regional Economics and Spatial Analysis