ECONOMIC DEVELOPMENT IN THE UK Flashcards

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1
Q

What percentage of the UKs work force is in the tertiary and quaternary industry?

A

83% IN 2017

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2
Q

How many people does retail employ in the UK?

A

4 million people

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3
Q

How many people work in IT in the UK?

A

670000

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4
Q

What are important industries in the UK?

A

Services
Information technology (IT)
Finance
Research

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5
Q

Where are science business parks located?

A

Outskirts of cities near housing and good transport links
Near unis so can work with uni researchers

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6
Q

What are the advantages of science business parks?

A

Can help meet demand for high-tech products
Form links with research universities
Clusters of related businesses in one place can boost each other

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7
Q

What are the three main causes for economic change in the UK?

A

De-industrialisation
Globalisation
Government politics

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8
Q

How has de-industrialisation changed the economy in the UK?

A

Other countries could produce goods much cheaper than the UK so increased competition which forced some of UKs manufacturing industries to close which led to job losses

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9
Q

How has globalisation changed the economy in the UK?

A

Manufacturing has moved overseas where labour costs are lower
Some TNCs have moved their tertiary and quaternary operations to the UK
Trade from other countries has increased

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10
Q

How has government politics changed the economy in the UK?

A

Government decisions on investment and support for business
Some government run industries have been privatised
Deregulation

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11
Q

What is globalisation?

A

Globalisation is the way the world has become more interconnected.

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12
Q

What is deregulation of businesses?

A

Removing restrictions and taxes on businesses to encourage entrepreneurs and investors to move to the UK

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13
Q

What impacts does industry have on the environment?

A

Factories may release pollutants or greenhouse gases
Running them uses lots of energy and water
Extracting raw materials can destroy habitats and release toxic chemicals

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14
Q

How are modern industries more sustainable now than older industrial plants?

A

Due to increasing energy and waste disposal costs
Stricter environmental regulations
Better awareness

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15
Q

How are roads being improved in the UK?

A

Capacity on motorways is being increased by upgrading to ‘smart motorways’ with extra lanes e.g. M4

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16
Q

How are railways in the UK being improved?

A

Crossrail will increase central London’s capacity by 10%
HS2 line links London, Birmingham, Leeds and Manchester and allows much faster journeys

17
Q

How are airports in the UK being improved?

A

Third runway at Heathrow airport which will allow extra 700 planes a day however increases noise and air pollution

18
Q

How are ports in the UK being improved?

A

London gateway opened at mouth of river Thames in 2013

19
Q

What is the UKS link with trade?

A

Trades globally
Overseas exports are worth £160 billion per year

20
Q

What is the UKs transport links?

A

Channel tunnel links UK and France
Larger airports like Heathrow act as international hub

21
Q

What is the European Union?

A

An economic and political partnership of 27 countries
Goods and people can move freely between EU countries

22
Q

What is the Commonwealth?

A

An association of 53 states including the UK and many of its former colonies
It promotes co-operation between members

23
Q

Why has population decreased by 0.8% in Cumbria (north west)?

A

Decline in jobs as agricultural and manufacturing industries have declined

24
Q

Why has population increased by 7.8% in north Somerset?

A

Moved to towns/villages with easy access to Bristol

25
Q

What are the effects of population decrease in Cumbria?

A

Population decline has caused shops to close and affect employment and local economy
Younger people have left

26
Q

What are the effects of population increase in north Somerset?

A

Caused housing prices to increase
Employment and wages above average
Caused congestion with commuters to Bristol
Services oversubscribed

27
Q

Why has the north south divide in the UK occurred?

A

Decline of heavy industry in the north
Growth of post-industrial industry in south

28
Q

What are the economic and social impacts of the north south divide for the north?

A

Wages are generally lower
Healthcare is worse
Education is worse

29
Q

How is the government trying to resolve regional differences?

A

Devolving more powers
Creating enterprise zones
The Northern powerhouse

30
Q

How does devolving more powers resolve regional differences?

A

Allows Scotland, Wales and Northern Ireland to have their own devolved government so they can use money on schemes they feel will best benefit local community

31
Q

How does creating enterprise zones resolve regional differences?

A

Encourage companies to locate in areas of high unemployment therefore bringing jobs and income

32
Q

What do enterprise zones contain?

A

Reduced taxes
Simpler planning rules
Financial benefits
Improved infrastructure

33
Q

What is the northern powerhouse?

A

The governments plan to reduce the inequality between the north and south by attracting investment into the north and improving transport links between northern cities (£70 mill on schools)

34
Q

What are the disadvantages of the northern powerhouse plan?

A

More of a concept and not a plan
Not clear how the money promised is going to be spent
Focuses on Manchester and other big cities but ignores smaller towns and cities

35
Q

How many new jobs were created in Sheffield by an enterprise zone?

A

16000 new jobs

36
Q

How much invested money from private companies was brought in to Sheffield by an enterprise zone?

A

£318 million