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De-Industrialisation- Re-Industrialisation in the Fashion Industry.

Academic research

De-Industrialisation- Re-Industrialisation in the Fashion Industry

Dominique Jacomet, Gildas Minvielle

The current economic crisis has had the unexpected effect of reaffirming the importance of industry in the economy. Countries like Germany, having chosen the industry- based growth model1 are doing much better than the countries that went down the service industry road.

Despite popular belief, Western economies are in fact industrial: the consumption and production of industrial goods has never stopped growing, by about 50% over the past twenty years. While we are indeed seeing a structural decrease in industry’s share of national wealth, this is for the most part due to the drop in relative prices for industrial products and the externalisation of a huge number of services provided to industrial businesses.

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