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Deindustrialization in the 1970s was primarily caused by globalization, technological advancements, and shifts in consumer preferences, leading to the decline of manufacturing jobs in Western countries. The rise of overseas competition, particularly from countries with lower labor costs, further accelerated this trend. The effects included significant job losses, economic decline in manufacturing regions, and a shift towards service-oriented industries, which often resulted in increased unemployment and social challenges, particularly in urban areas. Additionally, deindustrialization contributed to growing economic inequality and a reconfiguration of the labor market.

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