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"We need to shift human resources from declining sectors to promising sectors.
On Wall Street, energy stocks led the declining sectors on the broader market.
Between them, the three declining sectors subtracted 0.1 points from quarterly growth, leaving the year-on-year rate of growth unchanged at 2.1%.
Dirigisme flourished in the 1950s and 1960s in France, but sour economic results, uncompetitive enterprises, and declining sectors forced the government to largely renounce dirigisme in the 1980s.
During this period of flux, people and capital are concentrated in declining sectors, and economic output will be less than it could be.
In fact, however, we have seen only slight declines in the rate at which workers who have lost their jobs in declining sectors exit unemployment relative to workers who lost jobs in other sectors.
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In that declining sector, taxpayers can still be made to pick up the bill.
"It's not a debate any more that radio is a structurally declining sector," said Michael Nathanson, media analyst at Sanford C. Bernstein & Company.
David Huether, chief economist for the National Association of Manufacturers, said he had heard that some economists wanted to count hamburger flipping as manufacturing, which he noted would produce statistics showing more jobs in what has been a declining sector of the economy.
Chemicals were the top declining sector, with the Dow Jones Stoxx chemicals index down 0.4%.
There is an increasing interest in quantifying the impact on regional economies of such deployment, especially in those peripheral regions with low growth rates and traditional declined sectors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com