Deindustrialisation Flashcards
How have developed economies gained from the global shift?
reduced cost of manufacturing
redeployment of capital and labour to new industries
development of tertiary industries associated with the global shift
how have some areas lost out due to the global shift?
experienced considerable social and environmental problems linked to deindustrialisation
what is the problem with deindustrialisation?
industrial estates may be left derelict
can lead to significant decline in social, environmental and economic factors of an area
How can derelict industrial estates recover from deindustrialisation?
they can be repurposed for new industries or residential developments
what is the effect of the global shift on workers?
workers may only have skills and expectations associated with the secondary industry and may struggle to find employment in the tertiary and high-technology sectors
what common social factors are present in deindustrialised areas
above average unemployment rates and suffer from depopulation
what is depopulation?
substantial reduction in the population of an area.
what is the staple in areas that were associated with traditional mining and manufacturing?
High crime and dereliction
where can you find the brymbo steelworks?
in the village of brymbo near Wrexam wales
When did the Brymbo steelworks close?
1990
when had the brymbo steelworks been open since?
1796
How many redundancies happened due to Brymbo being closed?
1,200
who formerly controlled port Talbot?
Corus steel UK
who has owned port Talbot since 2007?
Tata Group
what is port Talbot facing?
significant budget cuts
What did Tata announce in November 2020
there would be 1000 job losses 750 from port Talbot
What is negative equity?
a deficit of owner’s equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan.
Where is Detroit located?
in the NE, USA
west of the north Atlantic
what was Detroit’s purpose?
industrial area (automotive industry)