Global shifts challenging places Flashcards
1
Q
How
A
Shift in sector e.g. UK quaternary, smart city Cambridge. Shift in reputation e.g. China now high end with 1.3m patents registered in 2017. Offshoring e.g. 2002 Dyson to Malaysia
2
Q
Port Talbot Steelworks
A
Employs 150,000 in Wales and owned by Indian Tata Steel but more competitive Chinese steel caused £1m losses daily. Stricter regulation called for but government wanted to protect Chinese interests so 2007 rescue package to stop emerging superpower conflict
