financial-sector dominance – weakens domestic macroeconomic performance and results in premature deindustrialization. Similar … for exports as a result of induced premature deindustrialization). The result is a time-varying balance-of payments …

Deindustrialization in advanced countries (especially in the United States) has been discussed since the 1980s, but … what we actually have observed is a distinct pattern of employment deindustrialization rather than a severe decline in the … economic growth strategy toward innovation in the service sector. In short, I find that production growth in the manufacturing …