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Restructuring

  • By: Enru Wang
  • In: Encyclopedia of Geography
  • Edited by: Barney Warf
  • Subject:General Geography, Earth & Environmental Science

Restructuring refers to a process in which significant and rapid changes dismantle an existing structure and lead to the formation of a new one. Rooted in Marxist analysis, the concept of restructuring in the discourse of social science suggests qualitative changes in the relations between constituent parts of a capitalist economy that affect the way society is organized and operated.

The term restructuring is most frequently applied to dramatic economic transformation and is thus often used to mean economic restructuring. The concept of economic restructuring can be applied at different scales. On a micro scale, restructuring refers to a process of making a major change in the organizational structure of an enterprise to make it more profitable. This process, also known as corporate restructuring, often involves ...

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