A Post-Industrial economy Flashcards
What is a post-industrial economy
Where the manufacturing industry declines and is replaced by a growth in the service and quaternary sectors. This happened from the UK in the 1970’s
Development of information technology
Internet access allows people to work remotely
Over 1.3 million work in the IT sector
THe UK is one of the worlds leading digital economies
Service industries and finance
Finance is an important part of the service sector growing rapidly since the 1970’s
It contributes to over 79% of the UK’s GDP
UK is the worlds leading center for financial services
The financial services sector accounts for 10% of the UK’s GDP
Research
the UK research sector employs over 60000 highly qualified people contributing over £3 billion to UK economy. Some examples are: Business and financial companies NHS Universities Environment Agency Pharmaceutical Engineering Charities BBC
What is a science park
A group of scientific and technical knowledge-based businesses located on a single site
University of Southampton Science Park
Includes one hundred small science and innovation businesses including Fibrecore and PhotonStar
Benefits of Southampton Science Park
.Excellent transport links, close to M3, Southampton international and rail links
.Excellent links with Universities
.Attractive location with green areas
Business Park
An area of land occupied by a cluster of businesses. Normally located on the edge of towns where:
.Land is cheaper and accessible
.Access is better with less congestion
.Businesses can benefit from working with each other
Cobalt Business Park - Newcastle Upon Tyne
UK@s largest business park with support facilities, a retail outlet and a fitness center.
Next to A19
Close to A1
Close to international airport
Cobalt Business Park - Newcastle Upon Tyne
UK@s largest business park with support facilities, a retail outlet and a fitness center.
Next to A19
Close to A1
Close to international airport
