The phrase "and the shrinking of" is correct and usable in written English.
It can be used when discussing a reduction in size, quantity, or importance of something.
Example: "The report highlighted the environmental impact of climate change and the shrinking of polar ice caps."
Alternatives: "and the reduction of" or "and the decrease in".
The WorldCom scam was followed by a stock market crash and the shrinking of once-flush 401(k) plans.
Michigan has been among the states hit hardest by the recession and the shrinking of Detroit's Big Three automakers.
This would allow engineers to make a transistor that dissipates less heat, and the shrinking of this key computer component could continue.
The stock exchange has a different rhythm now, its denizens say, because of technological advances and the shrinking of the once-dominant house firms.
That and the shrinking of staff jobs overseas may have put more young freelancers at risk of costly self-education than in the past.
The reason this is happening is closely connected with the warming of the planet and the shrinking of the Arctic icecaps.
The need for this distinct branding evolved for reasons directly related to the massive expansion of one American institution--celebrity culture--and the shrinking of another: marriage.
But Mr. Gorton argues that repos are money and that the shrinking of that market had economic effects.
The gene then produces the necessary protein – REP1 – repairing the remaining light-sensitive cells and halting the shrinking of the retina.
Maria Flint worked as a setter at Carpets of Worth for 19 years and said the shrinking of the industry has had a domino effect on the town.
The "tock" portion of Intel's latest tick-tock cycle has officially hit, and the shrink of last year's Core processors brings a number of improvements to the line.
