Paper 2 Economic change in UK Flashcards
what is happening to the industrial structure of the uk
jobs are changing - you will probably do a different job to your grandparents
why is uk economy changing
because of globalisation
what is globalisation
the way business ideas and lifestyles spread around the world
what are the impacts of globalisation in the uk (4)
1 economic growth - makes us richer
2 cheaper goods and services - because lower wages abroad
3 foreign investment - providing jobs abroad and new technology
4 migration - fills shortage of skills
what is deindustrialisation - give an example
decline in traditional industries - coal mining lots of mines closed, ship building and textiles
what has been the impact of deindustrialisation in the North East
thousands unemployed and this continues 20 years later, people on low wages so other businesses struggle to survive
how has government responded to industrialisation
1 invested in new infastructure - roads
2 encourage foreign investment
3 set up regional development agencies to support businesses, improve skills and plan for growth
which industries are growing in the uk
service industry replaced manufacturing
now knowledge economy is growing IT and creative industries
what is the name for such industries
quaternary industry
how do we identify cities with largest potential for growth
cities are given a score based on the number of quaternary industries, skilled workers with a degree, new start up businesses and good transport connections
what name is given to cities identified as having good potential for growth
growth corridors
where are such cities
london-brighton
birmingham-warwick
liverpool-manchester
where is the M4 corridor
from london to bristol
how has it contributed to the economy
has become home to hitech industry
many well known companies microsoft vodophone are based there
estimated it produces 8% of uks economic output
recently business in M4 corridor are moving to LOndon why is this (2)
the attraction of urban living for young
proximity of similar companies to swap ideas
why is cambridge growing as a hub for hi tech industry (2)
over 1500 IT companies are based there
it is close to M11 - one of uks growth corridors
what is cambrideg best known for
top universities in the world
how is cambridge changing
becoming an IT hub
where i
where is Cambride located
80km north of london
where did hitech industry begin in Cambridege
Cambridge science park opened in1970 one of first unis to link with industry
How did these hi tech companies begin
began as small start ups formed by graduates wanting to stay in the city
what are the advantages for Cambridge as a location for industry (4) and disadvantages (3)
good transport links
graduates from the unis provide a highly educated workforce
there are few traditional industries competing for space so rent is low
city offers a good quality of life
city is overcrowded and congested making it hard to drive
house prices high and rising
road and rail routes need improving