Section B - The Changing UK Economy Flashcards
what are examples of the primary industry
farming, mining and fishing
what are examples of the secondary industry
manufacturing
what are examples of the tertiary industry
health care, offices, financial services and retail
what are examples of the quaternary industry
research development, IT and media
what is de-industrialisation
the decline in the secondary (manufacturing) industry and the subsequent growth in tertiary and quaternary employment
why has de-industrialisation taken place
machines and technology have replaced many people. other coutnries, e.g. China, can produce cheaper goods because labour is less expensive
what is globalisation
globalisation is the growth and spread of ideas around the world. globalisation has increased the quanternary sector
what was the government policy from 1945-1979 in the UK economy
the government created state run industries. Government money ‘propped up’ unprofitable industries
what was the government policy from 1970-2010 in the UK economy
state run industries sold to private shareholders. many older industries closed down. new private companies brought innovation and change
what was the government policy from 2010 onwards
‘rebalancing the economy by relying less on service industries. improvemetns to transport. more investment in manufacturing. encouraging global firms to locate in UK.
what is privatisation
when state-run industries are sold to private shareholders
what is a post industrial economy
where manufacturing industry declines and is replaced by growth in the service and quaternary sectors. this has happened in the UK from the 1970s
how has the development of information and technology moved the UK towards a post-industrial economy
because internet access enables people to work from home. over 1.3 million people work in the IT sector. the UK is one of the world’s leading digital economies
how have service industries and finance moved the UK towards a post-industrial economy
the UK service sector has grown rapidly and today it contributes over 79% of the UK’s GDP. finance is an important part of the service sector. the financial services sector accoundts for about 10% of the UK’s GDP. the UK is the world’s leading centre for financial services
what are some UK research organisations
NHS, universities, Environmental Agency, BBC, charities, engineering
how has finance moved the UK towards a post-industrial economy
the UK research sector employs over 60,000 highly qualified people and is estimated to contribute over £30 billion to the UK economy. this sector is likely to be one of the UK economy’s main growth areas in the future
what does the British Antarctic Survey help us understand
the British Antarctic Survey helps us to understand the impact of humans on the Earth’s natural systems
what is a science park
a science park is a group of scientific and technical knowledge-based businesses located on a single site. they may include support services such as financial services and marketing. Most are associated with universities, enabling them to use research facilities and employ skilled graduates
which Science Park includes one hundred small science and innovation businesses
Southampton Science Park
what benefits does the Southampton Science Park have
excellent transport links - close to M3, Southampton international airport and rail liks. excellent links with the University. attractive location with green areas
what is a business park
a business park is an area of land occupied by a cluster of businesses
why are business parks usually located on the edges of towns
because land is cheaper and more available, access is better with less congestion, businesses can benefit from working together
which business park is the UK’s largest business parks, with support facilities including retail outlets and a fitness centre
Cobalt Park
what benefits does the Cobalt Business park have
it is next to the A19, close to the A1 and 20 minutes from the international airport
what companies are located in the Cobalt Business park
Siemens, IBM and Santander
what do businesses located in the Cobalt Park qualify for
businesses located in the Cobalt Park qualify for governmental assistance
what does the 2014 ‘Road Investment Strategy’ include
the 2014 ‘Road Investment Strategy’ includes 100 new road schemes by 2020. 1300 new lane miles added to motorways and trunk roads and extra lanes added to turn main motorways into ‘smart motorways’. The new road schemes wil create thousands of construction jobs and boost local and regional economies