Delocalize

To remove or transfer something, especially a business or part of a business, from its original or primary location. This can involve moving production, services, or other operations to a different region, country, or even continent. Delocalization is often driven by factors such as lower labor costs, tax incentives, access to resources, or proximity to markets. It can have significant economic and social consequences, including job displacement in the original location and economic growth in the new location. This process can also refer to abstract concepts and processes such as the erosion of cultural identity due to globalization and the decentralization of control and power structures.

Delocalize meaning with examples

• The company decided to delocalize its manufacturing operations to take advantage of lower labor costs in Southeast Asia. This resulted in the closure of the factory in the original country and the loss of many local jobs. Despite the negative impact on the local economy, the company's profits increased significantly after delocalization.
• In an effort to expand its market reach, the technology startup chose to delocalize its customer support services to a call center located in a country with a large English-speaking population. While the move saved money, it also led to concerns about the quality of customer service and the potential for cultural misunderstandings.
• The government's policies aimed to delocalize the country's dependence on a single industry by promoting investment in other sectors. By diversifying the economy, they hoped to reduce the risks associated with economic downturns in the original industry and create new opportunities for employment.
• The impact of globalization on the local culture can be described as a form of delocalization. The increased exposure to foreign media, products, and lifestyles leads to an erosion of traditional values and customs, as they begin to lose their unique character.
• The shift towards digital currencies and decentralized finance could be viewed as delocalization of financial power. Institutions like banks are losing a degree of their control as more transactions are peer-to-peer, and controlled by algorithms rather than entities.