Contemporary Finance & Economics ›› 2015, Vol. 0 ›› Issue (11): 503-.

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A Comparison of De-Industrialization between Industrialized Countries and Its Enlightenment to Present China: A Case Study of UK and USA

WANG Zhan-xiang   

  1. (Jiangxi University of Finance and Economics, Nanchang 330013, China)
  • Received:2015-03-24 Published:2021-01-21

Abstract: From different perspectives, de-industrialization can be divided into many categories. Britain and the United States are two typical representatives in de-industrialization among the developed countries. Britain prefers gross and integrated de-industrialization, in terms of quantity it is inclined to stronger de-industrialization, showing a de-industrialization more in productivity; while the United States prefers structural and regional de-industrialization, in terms of quantity it is inclined to weaker de-industrialization, showing a de-industrialization more in employment and output value. From the view afterwards, the impact of de-industrialization on the British economy is partially negative, while the impact on the US economy is partially positive. At present, China seems to have signs of de-industrialization, thus it is necessary to adjust and reform the industrial policies and fiscal policies, build integrated labor markets, play the role of the advantages of a big country, make full use of the opportunities in regional de-industrialization and structural de-industrialization, fundamentally improve labor productivity in the society as a whole, so as to avoid the negative effects of de-industrialization on the Chinese economy that may arise.

Key words: de-industrialization; industrial structure; economic development mode; manufacturing industry; labor productivity