INNOVATIONS IN MATURE INDUSTRIES: STEEL AND BEYOND

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Mature industries are the least popular among politicians and the media alike. They are understood to be outdated, problem-ridden and, worst of all, the main sources of unemployment. Coal, steel and textiles, the pillars of European economic reconstruction after World War II, have collapsed during the sixties and seventies. Even the car industry, after a recovery from the traumatic OPEC price-shock, has run into trouble again. When it comes to industries - and not only there - ‘maturity’ is but a euphemism for ‘decline’ - a decline which first of all is measured in terms of employment. The statistical evidence of this form of decline is unequivocal, and by all means justifies the term ‘deindustrialisation’.

Original languageEnglish
Title of host publicationThe Steel Industry in the New Millennium
Subtitle of host publicationVol. 1: Technology and the Market
PublisherCRC Press
Pages187-194
Number of pages8
Volume1
ISBN (Electronic)9781040291450
ISBN (Print)9781861250193
DOIs
StatePublished - 1 Jan 2024

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