Changing economic world-UK Flashcards
1
Q
What is Globalisation
A
- The process which has created a more connected world, with increases in trade and migration and tourism worldwide
2
Q
What is deindustrialisation
A
- The decline of a country’s traditional manufacturing industry
3
Q
What is the North south divide
A
- Economic and cultural difference between the South and North of the UK
4
Q
Changes in employment in Primary sector
A
- From 55% of population in 1750 to just 3% by 2000
5
Q
Changes in employment in secondary sector
A
- From 61% in 1900 to only 24% in 2000
6
Q
Changes in employment in tertiary sector
A
- From 24% in 1900 to 68% in 2000
7
Q
Main reasons for deindustrialisation in UK
A
- Increasing cost of production
- Globalisation- cheaper alternatives from abroad
- Government policies- privatisation
- increasing Tertiary industries due to better education and technology
8
Q
How many coal mines shut down since 1980?
A
30,000
9
Q
Negative impacts of coal mines shutting down
A
- Many small towns relied on coal industry therefore many left unemployed- de-multiplier effect
10
Q
What is the UK’s post-industrial economy now mostly based on?
A
- IT
- Service industries
- Finance
- Research and development
- science and business parks
11
Q
Advantages of UK’s Post-industrial economy
A
- Jobs tend to be higher paid
- Footloose- not tied down to a place and be based wherever is cost effective
- More sustainable- lower energy needs, less carbon emissions
12
Q
Where are the top 10 largest science parks in the UK?
A
- All surrounding London in South East
13
Q
What is a growth corridor
A
- An area of a country where economy is rapidly growing, often along a major transport route
14
Q
Where is the M4 Corridor?
A
- London to Bristol
15
Q
Significance of M4 Corridor
A
- Many large Hi-tech companies based here in larger business parks- Microsoft, Sony, Vodafone
- 8% of UK’s economic output
- Near Heathrow airport
16
Q
Example of science park in UK
A
- Cambridge science park
17
Q
Key characteristics of Cambridge science park
A
- 1500 bio-tech companies
- 7250 employees
- International companies seek graduates from Cambridge university
- open green space- rural urban fringe
18
Q
Benefits of science park to Cambridge
A
- Increased investment in area from international companies
- Jobs created directly and indirectly- positive multiplier effect