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The prosperous countries that de-industrialised in the early 80s still have regions that are suffering the after effects. Often still have lack of opportunity,
by NeedMoreTea 7y ago
The prosperous countries that de-industrialised in the early 80s still have regions that are suffering the after effects. Often still have lack of opportunity, unemployment and poverty far in excess of the national average. Which discourages new businesses locating in the region, which perpetuates...
The former Soviet bloc countries were starting from near bankruptcy, and extreme neglect over a far longer period. They may have developed pockets of wealth, maybe much more development in the capital. The picture across the whole country will be much more mixed.
Without focused development spending and redistribution, training, encouraging business etc, it takes generations to play out.