Reindustrialization is the economic, social, and political process of organizing national resources for the purpose of re-establishing industries in response to deindustrialization.
China, India and South-East Asia were industrial powerhouses for major parts of human history.
[1] These countries and regions suffered great loss of industrial production due to colonization during the 18th-20th centuries.
No longer the preserve of BRICs or South-East Asian countries, the notion of reindustrialization seems to be making inroads in the political discourse of populist policy makers in the developed economies of Western Europe and North America, notably France and the United States, where the rise of Trumponomics may potentially challenge some of the free trade tenets of the neoliberal "Washington Consensus".
In his speech Macron highlighted the need to develop the neglected French industry to a decarbonised and efficient model.