Post-industrial economy

Economic systems
Part of a series on
Major types Capitalism Socialism Communism
By ideology Associative Capitalist Corporate Democratic Laissez-faire Mercantilist Neoliberal Neomercantilist Protectionist Social market Welfare Democratic Fascist Feminist Georgist Green Religious Buddhist economics Christian Sabbath economics Islamic Socialist Communalist Communist Market socialist Mutualist Participatory Socialist market Socialist-oriented market State Syndicalist State capitalism Social credit Distributist Traditionalist Corporatist Feudalism
By coordination Closed (autarky) Decentralized Digital Dirigist Dual Gift Informal Market Mixed Natural Open Planned Robinson Crusoe Sharing Subsistence Underground Vertical archipelago Virtual
By regional model Asian East Asian Chinese Singaporean Keralan European Anglo-Saxon German Nordic Dutch Rhenish Soviet Latin America Socialism of the 21st century
Sectors Common ownership Private Public Voluntary
Property types Collective ownership Commons (Common ownership) Private property State ownership Social ownership
Transition Collectivization Communization Corporatization Demutualization Deregulation Expropriation Financialization Liberalization Marketization Municipalization Mutualization Nationalization Privatization Socialization Marxist
Coordination Barter Market Free Open Regulated Planning In kind Cybernetics Indicative Material balancing Price Self-managed Peer-to-peer Sharing Open access
Other types Commons-based peer production Expeditionary Hunter-gatherer Inclusive Democracy Information Manorialism Newly industrialized Palace Plantation Plutonomy Post-capitalist Post-industrial Post-scarcity Resource-based Token Traditional Transition World
Business and economics portal
v t e

This article's factual accuracy is disputed. Relevant discussion may be found on the talk page. Please help to ensure that disputed statements are reliably sourced. (March 2008) (Learn how and when to remove this message)

A post-industrial economy refers to a period of growth within an industrialized economy or nation in which the relative importance of manufacturing lessens and that of services, information, and research grows.

Such economies are often marked by:

A declining manufacturing sector, resulting in de-industrialization,
A large service sector,
An increase in the amount of information technology, often leading to an "information age". Information, knowledge, and creativity are the new raw materials of such an economy.

The industry aspect of a post-industrial economy is sent into less developed nations which manufacture what is needed at lower costs (see outsourcing). This occurrence is typical of nations that industrialized in the past such as the United States and most Western European countries.

See also