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Meaning of reindustrialization

re•in•dus•tri•al•i•za•tion

Pronunciation: (rē"in-dus"trē-u-li-zā'shun), [key]
— n.
  1. the revitalization of an industry or industrial society through government aid and tax incentives, modernization of factories and machinery, etc.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.