ABSTRACT
The original task was to make a quick one-year evaluation of the experience of deindustrialization in a few subnational key regions of the United States. Deindustrialization was already considered a potentially serious problem in Chukyo, and possibly in other regions of Japan. The examination of the New York Metropolitan Region offered an opportunity to look at deindustrialization from another viewpoint, namely, the enhanced significance of financing, investment, and business services as basic export and import functions in the world economy. This chapter focuses on the character and processes of regional economic change in relation to deindustrialization in the selected regions. It examines the impact of current macroeconomic policies on the regions, and how, in turn, the regional experiences might affect national policy. The issues in the controversy ranged from the "fact" and the causes of deindustrialization to the effects on the economy, including the location, level, and kinds of jobs, and the best ways of coping with these changes.
