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

Bibliographic Data

ID9754529
AuthorsBarry Bluestone (corresponding author)
Year1984
Volume475
Issue1
Pages39-51
Publication date1984-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Annals of the American Academy of Political and Social Science (JOURNAL)
Journal identifiersISSN: 0002-7162 • E-ISSN: 1552-3349
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/0002716284475001004
OpenAlexW2159882888
LanguageEN
Citations received22
References cited1

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

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Unique citing works22
Citations per year0,52
Citation span1984 - 2025 (42)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 21
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