Social and Behavioral Sciences Commons^™

Specialization Vs Diversification: The Rise And Fall Of Windsor-Essex’S Automotive Industry, Mikal Fakhreddin

Major Papers

There is a longstanding debate between economic specialization, focussing on the production of a limited set of goods, and economic diversification, producing a wide variation of goods and services. While economic diversity boasts a stable and resilient economy, specialization claims to lead to rapid growth. This study explores both schools of thought, examining the strengths and weaknesses of both approaches, and applies them to Windsor-Essex as a case study on the city’s reliance on the automotive industry. This paper explores the rise of the automotive industry from the 1970s, examines unemployment rates following economic downturns, analyzes the economic state of …