New York City was devastated by the loss of jobs as the forces of globalization geared up and manufacturing industries sought cheaper labor conditions outside the United States in a process called ________.

Question

Quizplus · Accepted Answer

Deindustrialization refers to the process where industrial activity declines in a region or economy, often due to companies moving their manufacturing operations to places with cheaper labor, which was a significant issue for New York City as globalization increased.

New York City Was Devastated by the Loss of Jobs