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Deindustrialisation By Country
Deindustrialisation refers to the process of social and economic change caused by the removal or reduction of industrial activity and employment in a country or region, especially heavy industry or manufacturing industry. Deindustrialisation is common to all mature Western economies, as international trade, social changes, and urbanisation have changed the financial demographics after World War II. Phenomena such as the mechanisation of labour render industrial societies obsolete, and lead to the de-establishment of industrial communities. Background Theories that predict or explain deindustrialisation have a long intellectual lineage. Karl Marx's theory of declining (industrial) profit argues that technological innovation enables more efficient means of production, resulting in increased physical productivity, i.e., a greater output of use value per unit of capital invested. In parallel, however, technological innovations replace people with machinery, and the organic composition ...
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Deindustrialisation
Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. There are different interpretations of what deindustrialization is. Many associate American deindustrialization with the mass closing of automaker plants in the now so-called "Rust Belt" between 1980 and 1990. The US Federal Reserve raised interest and exchange rates beginning in 1979, and continuing until 1984, which automatically caused import prices to fall. Japan was rapidly expanding productivity during this time, and this decimated the US machine tool sector. A second wave of deindustrialization occurred between 2001 and 2009, culminating in the automaker bailout of GM and Chrysler. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.Kerwin Kofi Charles et al (201The Transformation of Manufacturing an ...
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Mitsubishi Motors Australia
Mitsubishi Motors Australia Limited (MMAL) is a fully owned subsidiary of parent company Mitsubishi Motors Corporation of Japan. The company was established in 1980 and began vehicle manufacturing in that year, having taken over the facilities of Chrysler Australia. Australian production ceased in 2008 and since that time the company has been exclusively a vehicle importer. History Chrysler Construction of the vehicle assembly plant at Tonsley Park was commenced by the then owners, Chrysler Australia, in 1963, and the assembly plant was opened in October 1964. Mitsubishi Motors Australia - est. October 1, 1980 After the acquisition by parent company Chrysler of a 15 percent interest in Mitsubishi Motors Corporation in 1971, Chrysler Australia began building Mitsubishi-designed Chrysler-branded vehicles, namely the Chrysler Valiant Galant (later Chrysler Galant), based on the 1972–1977 Mitsubishi Galant and the Chrysler Sigma, a variant of the 1977–1985 Mitsu ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ...
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Altona, Victoria
Altona is a suburb in Melbourne, Victoria, Australia, south-west of Melbourne's Central Business District, located within the City of Hobsons Bay local government area. Altona recorded a population of 11,490 at the . Altona is a large suburb consisting of low density residential in the south-eastern half and mixed industry in the north-western half. A feature of the suburb is Altona Beach, which is one of only two swimming beaches in the western suburbs (the other being Williamstown Beach). Altona takes its name from the then-independent German city of AltonaKennedy, B: ''Australian Place Names'', page 5. ABC Books, 2006 which is today a borough of Hamburg. History Prior to arrival of Europeans, the Altona area was home to Kurung-Jang-Balluk Aboriginal people, of the Woiwurrung clan. Altona was first permanently settled in 1842, with the construction of The Homestead by Alfred Langhorne. The name 'Altona' first appeared on maps in 1861. It was named by Frederick Taegtow, ...
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Port Melbourne
Port Melbourne is an inner-city suburb in Melbourne, Victoria, Australia, south-west of Melbourne's Central Business District, located within the Cities of Melbourne and Port Phillip local government areas. Port Melbourne recorded a population of 17,633 at the 2021 census. The area to the north of the West Gate Freeway is located within the City of Melbourne, with The area to the south located within the City of Port Phillip. The suburb is bordered by the shores of Hobsons Bay and the lower reaches of the Yarra River. Port Melbourne covers a large area, which includes the distinct localities of Fishermans Bend, Garden City and Beacon Cove. Historically it was known as Sandridge and developed as the city's second port, linked to the nearby Melbourne CBD. The formerly industrial Port Melbourne has been subject to intense urban renewal over the past three decades. As a result, Port Melbourne is a diverse and historic area, featuring industrial and port areas along the Yarra, ...
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Broadmeadows, Victoria
Broadmeadows is a suburb in Melbourne, Victoria, Australia, north of Melbourne's Central Business District, located within the City of Hume local government area. Broadmeadows recorded a population of 12,524 at the 2021 census. Broadmeadows is a sub-regional centre within the northern suburbs of Melbourne, and is often used as a reference for the suburbs around it, although this may be due to its former status as a municipality. History The Broadmeadows area, home to the Wurundjeri Aboriginal nation prior to European settlement, was settled by pastoralists in the 1840s. The original Broadmeadows (aka "Old Broady") is now known as Westmeadows, which lies to the west of the present Broadmeadows. The first Broadmeadows township was laid out by a Government survey in 1850. Ardlie Street was its commercial centre with a hotel (the Broadmeadows Hotel, now Westmeadows Tavern), the police station and the shire office (thDistrict Roads Board Building opened in 1866). Broadm ...
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Norlane, Victoria
Norlane is a northern suburb of Geelong, in Victoria, Australia. Norlane is bordered in the south by Cowies Creek, in the north by Cox Road, in the west by Thompson Road and in the east by Station Street. It is about 7 km from the Geelong central business district and approximately 70 km from the state capital, Melbourne. It is about one kilometre from the shore of Corio Bay. At the 2016 census, Norlane had a population of 8,306. History The suburb of Norlane was named after Norman Lane, a local serviceman from the district, who died working on the Thai-Burma Railway in 1943, after being captured in Singapore. Norlane post office opened on 17 December 1945 as development of the suburb began. Norlane West post office opened on 13 October 1958. With the enormous demand for housing in the early 1950s, people resorted to living in small dwellings, tents and partially-completed buildings. The Housing Commission of Victoria provided accommodation for families unable to ...
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Geelong
Geelong ( ) (Wathawurrung: ''Djilang''/''Djalang'') is a port city in the southeastern Australian state of Victoria, located at the eastern end of Corio Bay (the smaller western portion of Port Phillip Bay) and the left bank of Barwon River, about southwest of Melbourne, the state capital of Victoria. Geelong is the second largest Victorian city (behind Melbourne) with an estimated urban population of 268,277 as of June 2018, Estimated resident population, 30 June 2018. and is also Australia's second fastest-growing city. Geelong is also known as the "Gateway City" due to its critical location to surrounding western Victorian regional centres like Ballarat in the northwest, Torquay, Great Ocean Road and Warrnambool in the southwest, Hamilton, Colac and Winchelsea to the west, providing a transport corridor past the Central Highlands for these regions to the state capital Melbourne in its northeast. The City of Greater Geelong is also a member of thGateway Cities Allian ...
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Victoria, Australia
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metropolitan area ...
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Port Melbourne, Victoria
Port Melbourne is an inner-city suburb in Melbourne, Victoria, Australia, south-west of Melbourne's Central Business District, located within the Cities of Melbourne and Port Phillip local government areas. Port Melbourne recorded a population of 17,633 at the 2021 census. The area to the north of the West Gate Freeway is located within the City of Melbourne, with The area to the south located within the City of Port Phillip. The suburb is bordered by the shores of Hobsons Bay and the lower reaches of the Yarra River. Port Melbourne covers a large area, which includes the distinct localities of Fishermans Bend, Garden City and Beacon Cove. Historically it was known as Sandridge and developed as the city's second port, linked to the nearby Melbourne CBD. The formerly industrial Port Melbourne has been subject to intense urban renewal over the past three decades. As a result, Port Melbourne is a diverse and historic area, featuring industrial and port areas along the Yarra, ...
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Elizabeth, South Australia
Elizabeth is an outer northern suburb of the Adelaide metropolitan area, South Australia, 24 km north of the Adelaide city centre. It is located in the City of Playford. At the 2016 census, Elizabeth had a population of 1,024. Established in 1955, it was the seat of the former local government body, the Old City of Elizabeth, which included Elizabeth as well as the immediately adjacent suburbs on all sides except the west. Although the City of Elizabeth no longer exists, having been amalgamated into the much larger City of Playford in 1997, the term "Elizabeth", in the context of Adelaide, typically refers to the historic municipality and the distinct community therein. History Before the 1950s, most of the area surrounding today's suburb of Elizabeth was farming land. After the end of the Second World War with its shortage of materials, the state government decided that South Australia needed to grow and become industrialised. A satellite city was planned for northern ...
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ABC News (Australia)
ABC News, or ABC News and Current Affairs, is a public news service produced by the Australian Broadcasting Corporation. Broadcasting within Australia and the rest of the world, the service covers both local and world affairs. The division of the organisation, which is called ABC News, Analysis and Investigations. is responsible for all news-gathering and coverage across the Australian Broadcasting Corporation's various television, radio, and online platforms. Some of the services included under the auspices of the division are the ABC News TV channel (formerly ABC News 24); the long-running radio news programs, '' AM'', '' The World Today'', and '' PM''; ABC NewsRadio, a 24-hour continuous news radio channel; and radio news bulletins and programs on ABC Local Radio, ABC Radio National, ABC Classic FM, and Triple J. ABC News Online has an extensive online presence which includes many written news reports and videos available via ABC Online, an ABC News mobile app (ABC Liste ...
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