economic development uk Flashcards
what changes are there in the economy?
from manufacturing to services. ( primary/secondary has to declines to tertiary/quaternary)
Reasons for economic change
De-industrialization
globalisation
government policies
de-industralisation
industry has declined due to automation leading to job losses in mana industry
globalisation
manafa is cheaper abroad so competition causes decline in this industry
-marks and spencer manfacture in china and india
-quaternary TNCs have moved to the uk (apple , employs 6500 people)
government policies
-government promotes businesses through tax breaks
-privatisation of manfacturing industries leading to job losses
- policies with World Trade organisation has made it easier to move manufacturing overseas
improving transport infrastructure
-Electrification of railway between london and bristol
-Proposed HS2 links london to Manchester allowing faster journeys
-expansion of heathrow airport - new runway in the SE - 700 extra flights a day
-Liverpool2 port