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Sociology / Unit 6   Soc 0878 short lesson, about 20 seconds

Capital Flight and Deindustrialization

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The idea

Capital flight is investment, jobs, and infrastructure moving out of a nation; the anchor treats deindustrialization, loss of the manufacturing base, as its direct consequence for high-income nations.

In practice

A factory relocated abroad takes its jobs and its tax base with it, and the region rarely replaces them quickly.

Where people slip

This is a mechanism of persistence, and it explains continuation rather than origin.

Your place on the trail

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