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What's an example of a reindustrialization response / adaptation to deindustrialization

User GoldenLee
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Final answer:

An example of reindustrialization as an adaptation to deindustrialization is the 'One District, One Factory' initiative in Ghana, aimed at boosting industrialization and economic growth by creating new factories. Historical instances like the post-war recovery and industrial surge in Japan and West Germany also exemplify successful reindustrialization efforts.

Step-by-step explanation:

An example of a reindustrialization response to deindustrialization is the initiative by the government of Ghana. This response reflects an adjustment of cultural values and attitudes to work, as Ghana aims to reinvest in industrialization and foster economic growth within its borders. The One District, One Factory initiative seeks to establish new factories across Ghana's districts, targeting value addition to cash crops and generating local employment, thereby keeping industrial production within the nation despite the global trend of industrial jobs moving to nations where costs are lower. Another historical example of reindustrialization was the post-war economic resurgence of Japan and West Germany, where heavy investment in rebuilding their economies led to a significant increase in industrial production and overall economic growth.

User Lindes
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