De-Industrialization

of populist policy makers in the developed economies of Western Europe and North
America: notably France and the United States - where the rise of Trumponomics may
potentially challenge some of the free trade tenets of the neoliberal "Washington
Consensus".
Causes of Reindustrialization
1. In context of Asian economies, reindustrialization is a natural process of
economic growth in which former industrial powerhouses China, India and South-
East Asia are re-establishing their economies
2. Advocates of reindustrialization believe that manufacturing and other industrial
jobs are more socially and economically desirable than jobs in the service
sector or finance.
3. Military or national security concerns motivate reindustrialization policies,
reflecting a desire for self-sufficiency and fear for trade routes and supply lines in
times of conflict.
4. Reindustrialization policies may reflect concerns over the balance of trade.
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