abstract:Reindustrialization is the economic, social, and political process of organizing national resources for the purpose of re-establishing industries. The process proceeds as a result of a need to reinvigorate(make more vigorous or to bring back vitality) national economies.
Withhousing much more affordablenow, the next generationofworkers won't need to borrow as muchtoownahome and morecapitalwill be available for reindustrialization.
First, the reindustrialization of America: The U.S. is an increasingly attractive manufacturing platform because of productivity gains, more flexible labor markets, technological advances and lower energy costs.