changing economic world (UK) Flashcards
what is globalisation?
the process which has created a more connected world, with increases in trade and migration and tourism worldwide.
what is deindustrialisation?
the decline of a country’s traditional manufacturing industry due to exhaustion of raw materials, loss of markets and competition for NEE’s.
what is government policy?
a plan or course of action decided by a government to manage issues in a country.
what is the Commonwealth?
an association of 53 independent, equal states which were mostly territories of the former British Empire. They are united by language,history,culture and their shared values of democracy, human rights and the rule of law.
what is the European Union?
an international organisation of 28 European countries, including the UK, formed to reduce trade barriers and increase cooperation among its members.
what is the industry sector?
the relative proportion of the workforce employed in different sectors of the economy (primary,secondary,tertiary and quaternary)
what is the North South divide?
economic and cultural differences between Southern England and Northern England. There are clear differences in health conditions, house prices, earnings and political influence.
what are tertiary industries?
the economic activities that provide various services-commerical, professional, social, entertainment and personal
what is trade?
the buying and selling of goods and services between countries
what is tertiary?
involves the selling of services and skills
what is quaternary?
consists of those industries providing information services such as computing, ICT and Research and Development
what is secondary?
those that take the raw materials produced by the primary sector and process them into manufactured goods and products.
what is primary?
involves extracting raw materials from the natural environment e.g. mining and farming.
what is an advantage of using a triangular graph?
very useful if there are 3 components to compare
after plotting, clusters emerge enabling identification of trends
what is a disadvantage of this data presentation?
data must be %
useful only for 3 data sets
what has caused the decline in primary jobs and the increase in tertiary and quaternary jobs?
other countries manufacture things cheaper
poverty
lack of jobs
better education-better healthcare
Industrial Revolution
what are the main causes of deindustrialisation? (cost)
increasing cost of production (wages and environmental regulations)
what are the main causes of deindustrialisation? (globalisation)
globalisation- competition from low wage/ regulation NEE countries
what are the main causes of deindustrialisation? (investment)
declining investment leading to less competitiveness
what are the main causes of deindustrialisation? (government policies)
changing government policies (nationalisation to privatisation)
what are the main causes of deindustrialisation? (cycle of decline)
cycle of decline- e.g. if the shipyards close then the iron plants follow
what are the main causes of deindustrialisation? (increased competitiveness)
increased competitiveness of tertiary industries thanks to education and technology
how many coal mines were lost in the UK due to the deindustrialisation?
30,000
what happened in the 1980’s?
government policy shifted away from industries like coal mining and steel by privatising them