Deindustrialization is a decline of industry within a country usually measured by reduction of industry employment
In the past half century, many urban areas have experienced phenomenon, such as the industrialization. The rise in the service economy and decentralization which have helped change these environments
Deindustrialization has happened on a mass scale in Western society due to the struggle for industries to compete with cheaper labour and manufacturing costs in countries such as China and Taiwan.
A service economy is an economy where the dominant source of economic growth is through providing services rather than goods.