changing economic world- UK Flashcards
define globalisation
the process which created a connected world, increases in trade, migration and tourism
define deindustrialisation
the decline of a country’s manufacturing industry due to exhaustion of raw materials, loss of markets, competition from NEE’s
government policy
a plan decided by a government to manage issues in a country
primary sector
extracting raw materials from the natural environment
secondary sector
process raw materials into manufactured goods
tertiary sector
selling of services and skills
e.g doctor
quaternary sector
information services, research and development
main causes of deindustrialisation
-increasing cost of production
-globalisation
-declining investments
-changing government policies
decline of coal mines
government policy privatised coal mining industries
privatised- sold them to companies
loss of 30,000 uk coal mines
Tata steel has decreased from 18,000 to 3,300 jobs due to cheap chinese steel imports- de-multiplier effect
describe the de-multiplier effect
- closure of industry
- loss of jobs
- unemployment
- social costs/ issues
- lack of local spending
- closure of local businesses
example of area which has been most affected by de-industrialisation in the UK
sunderland- near the sea so ports for exports/ imports
closure of coal mines and ship yards- demultiplier effect
how did de-industrialisation cause economic change in UK
mechanisation- as technology became more advanced, machines replaced farmers
machines- more reliable, cheaper to run
how did globalisation cause economic change in UK
cheaper crops are imported from countries overseas where there is mass production
labour and land is cheaper overseas
how did government policy cause economic change in UK
the UK and EU have strict laws for environmental pollution from businesses
makes it expensive for businesses to make products in UK
define post industrial economy
economically developed countries where employment is mainly in service industries
what is the UK’s economy now based on
name the 5 industries
knowledge and research (require an educated workforce)
-information technology
-service industries
-finance
-research
-science & business parks
industries in the post-industry are footloose- what does this mean
footloose- they’re not tied to heavy raw materials so can locate wherever they have a cost advantage
why are industries in the post-industry are closer to major transport routes
motorways, railways- offer maximum access for customers and employees
industries in the post-industry agglomerate together- what does this mean
they get together and exchange ideas
are geographically close
describe the location of science parks in UK
close to london- capital city
close to universities- attract skilled graduates
close to motorways- transport links
define growth corridor
an area of a country where the economy is growing, often along a major transport route linking cities