👉 Externalised, also known as externalisation or de-industrialisation, refers to a process by which an economy transitions from being dependent on its own resources and industries to one that is more reliant on imports or services from other countries. This transition often occurs through changes in production methods, technological advancements, or the introduction of new industries. Externalised economies may also include shifts towards less reliance on traditional manufacturing processes and towards a focus on service-based industries or digital technologies. These changes are driven by economic factors
