The major limitation of many studies on declining industries is the presumption that
industrial decline is associated with the final stage of the industry life cycle. These
studies often define the sample of their study as those firms where their dominant
products are subjected to technological obsolescence and are experiencing a persistent
decline in the demand of their products.
Conversely, the current study identified factors that the cause of the shrinking in
demand of the UK industries was not generally obsolete technology. The decline of
UK industries was partly due to severe low cost import penetration that stimulated the
shift in demand from the UK manufacturers to the cheaper imported products from
the over-seas low cost manufacturers. [Continues.]
A Doctoral Thesis. Submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy at Loughborough University.