Reasons for the decline of traditional manufacturing industry in western Europe

Since the 1980s, the traditional manufacturing industry in Western Europe has been declining due to rising production costs and intensified competition from newly industrialized countries.

Traditional manufacturing industries in western Europe are gradually declining, but high-tech industries such as electronics, energy and information, as well as high-end manufacturing and fine processing industries still occupy an important position.

The prospect of American manufacturing revival will also be dim, and even a short-term rebound will not change the general trend of long-term decline of American manufacturing.