Conclusions
Conclusions
The concluding chapter explores the broader importance of New England events, surveying several topics. First, the three-part model of responses to deindustrialization seen in New England is shown to apply in other places. The same pattern was apparent in U.S. policymaking at the national level and in other developed countries as industrial downsizing became commonplace beginning in the 1970s. Second, the responses to deindustrialization in New England demonstrate important realities about the political economy of the modern United States. The initiatives for countering industrial decline afford insights on the growing power of corporations, the vulnerability of American unions, the existence of “industrial policy” in the United States, and the importance of private-sector endeavors to promote growth. Finally, an assessment of the effectiveness of responses to deindustrialization in New England demonstrates the limited utility of much that was done and the efficacy of efforts to spur economic development.
Keywords: deindustrialization, public policy, political economy, corporations, unions, industrial policy, economic development, growth promotion
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