The systematic,widespread withdrawal of investment in basic aspects of productivity such as factories and plants is known as

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Deindustrialization refers to the decline in the importance of the manufacturing sector in an economy, often leading to the closure or relocation of factories and plants. This can result in a lack of investment in basic aspects of productivity, as mentioned in the question. Downsizing refers to the reduction in size of a company or organization, often through layoffs or the elimination of certain departments. Shrink wrapping refers to the packaging of products in a plastic film to protect them during shipping and storage. Modernization refers to the process of updating technology and infrastructure to improve efficiency and competitiveness. None of these terms specifically capture the idea of withdrawing investment in basic aspects of productivity as described in the question except for deindustrialization.

The Systematic,widespread Withdrawal of Investment in Basic Aspects of Productivity