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deindustrialization

noun [U] (UK usually deindustrialisation)
 
 
/diː.ɪnˌdʌs.tri.əl.aɪˈzeɪ.ʃən/

Definition

the process by which a country or area depends less and less on industry to provide most of its work or income: the deindustrialization of America/the Northeast of EnglandIndustry and industrial processesEconomics and the state of the economy
(Definition of deindustrialization noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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