The Impact of Industrial Decline and Economic Marginalization on Communities and Strategies for Mitigating Regional Disadvantages

The decline of industrial activities and related economic marginalization have radically changed communities by undermining social cohesion, collective memory, and economic sustainability. Drawing on studies by Alice Mah, Andrés Rodríguez-Pose, and Stuart W. Leslie, this article endeavors to examine the varied influences of industrial decline on community identity, memory, and socio-political dynamics. It also looks at how innovation policies contribute to regional disparities by pointing to the trend of copying models completely in disregard for the specific needs of less-developed regions. Finally, it synthesizes actionable strategies in overcoming such regional deficiencies by focusing on context-sensitive policies, infrastructure development, community involvement, and a sustainable system of policies for balanced development.

Introduction

The decline of industrial centers and the marginalization of poor areas do not only have wide-ranging implications but also go beyond the issue of economic indicators. Such development affects the social structures, the cultural narratives, and the political stabilities of the communities involved and widens the gaps while nursing dissatisfaction. The…