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Noun: deindustrialisation  dee,in-dus-tree-u-lu'zey-shun [N. Amer], dee,in-dus-tree-u-lI'zey-shun [Brit]
Usage: Brit
  1. The reduction of industrial capacity or activity
    "The region experienced rapid deindustrialisation as factories closed down";
    - deindustrialization

Encyclopedia: Deindustrialisation