3b- economic change can create opportunities Flashcards
what is the role of economic globalisation on economic change
increasing flows of ideas, capitals, goods, services and people
globalisation means that its easier to import goods from over seas so less workers are needed
what is global economic change
As countries develop they move away from primary work like farming and forestry as they are done by machines and move into secondary industry as people manufacture things and require more education. As people move into tertiary sector deindustrialisation will occur- causes deprivation in some areas and poverty for people who aren’t educated. As an economy in the tertiary sector occurs more services can be opened and the economy continues to grow so people can afford more technology and higher skilled jobs will be available -PME
how does structural economic change impact patterns of social opportunities in AC’s
its cheaper to import products which require lots of labour to produce
labour market flexibility and efficiency -leads to new technology and attracts FDI
how does structural economic change impact patterns of social inequality in AC’s
deindustrialisation- job loss in certain places like Liverpool
loss of primary and secondary sectors as the comparative advantages of ACs in primary and secondary activities declined
some peoples skills are not transferrable as there is movement between the sectors
how does structural economic change impact patterns of social inequality in EDC/LIDCs
unlikely to decrease inequality as jobs are in core regions of urban areas- urban rural divide
TNC may be exploitative- sweatshops
as people move away from agriculture food supplies have to be distributed
how does structural economic change impact patterns of social opportunities in EDC/LIDCs
can trickle down to local areas and there are new high paying jobs available so PME
exposure to new technology, improvement of skills and labour productivity
employment growth spreads wealth and helps development gap close
how do cyclical economic change positively impact people
booms bring new industries and innovation, the innovation grows due to the economic growth- creates PME- more opportunities and better standard of living
how do cyclical economic change negatively impact people
recessions happen when tech is no longer new and there are fewer opportunities for economic growth. Economic activity in general slows down. GDP, investment and inflation all fall, bankruptcy a unemployment rise. Households have to cut back on spending on non-essential item like eating out and cinema
The role of government in reducing social patterns of inequality through taxation
used by government to redistribute wealth from prosperous to less prosperous groups. Taxing the rich bigger proportions of their incomes helps pay for things like roads and hospitals
The role of government in reducing social patterns of inequality through subsides
benefits help poor groups. For children they can provide food, clothing and uni fees. Child care for single parents. There is also benefits for people with disabilities, unemployed.
The role of government in reducing social patterns of inequality through planning
upgrading houses and services in the poorest areas
The role of government in reducing social patterns of inequality through law
legislations against discrimination aims to give equal opportunities to all groups.
Minimum wage legislation protects low paid workers
The role of government in reducing social patterns of inequality through education
gov provide funding for training and upgrading skills to raise skill levels and qualifications which helps with employment prospects and boosts the economy
Education programmes about personall health like diet, drinking, smoking, drugs can educated people who grew up in places where they were normalised- poorer places
