Changing economic world Flashcards
What is the UK experiencing?
Deindustrialisation (decline of traditional manufacturing)
How much has quarternary jobs increased from 1981?
0-10%
What negatives does the UK globalising cause?
Increasing gap between high and low payed and job losses in secondary sector.
What positives does the UK globalising cause?
Migration (provides jobs), economic growth, technology increase and makes it the 6th largest manufacturer.
What does it mean for the UK as it becomes a post industrial economy?
2 million people work in IT
The finance sector provides 10% of the UK’s GNI
Describe what the north of the UK is like in terms of development.
Lots of manufacturing, slow population growth, low house price and lower employment.
Describe what the south of the UK is like in terms of development.
less manufacturing, quick population growth, high employment, higher house prices.
What is local devolution?
Having a mayor that has more control over how that area is run (e.g Manchester in Nov 2014)
How much did the government promise to the north?
£7 billion
GIve an example of infrastructure investment.
£280 million in Salford for the BBC to move there (employment grew by 142% as a result)
What is the life expectancy and unemployment for the North?
LE: 77.6
U: 5%
What is the life expectancy and unemployment for the South?
LE: 80.6
U: 3.2%
Explain fairtrade
Supports farmers allowing them to earn a fair price and added premium is used to improve their community
Explain microfinance loans.
People who have a low income are loaned money that is used to improve their business that helps the community. Everyone involved is a shareholder
Who is Muhammad Yunus?
He created the Gramee Bank and loaned to 1,000 people
What is debt relief?
When debts are made more manageable usually for LIC’s from HIC’s
How have Uganda and Guyana been helped by debt relief?
Uganda has new road networks to improve trading and Guyana can spend an extra 20% on healthcare and now have an NHS
What is aid?
When others give money or resources to the struggling.
How do water purifiers help the development gap to reduce?
They reduce sick days, illness and are environmetnally and cheap.
What effect does tourism have and what does this do?
It creates the multiplier effect which is when one positive causes another positive and so on.
Why is Nigeria economically important?
- Biggest economy in Africa
- Expected to overtake countries such as France by 2050
- There largest sector on the Demographic Dividend is economically active.
How is Nigeria’s industrial structure changing?
Their GPD $101 billion to $570 billion and Nollywood is 3rd largest in the world.
How did oil and manufacturing help Nigeria?
- Helped it become an NEE
- It accounts for 14% GPD
What are the physical causes of uneven development?
Climate(limit food), possession of caostline (trading), natural hazards
