The Changing Economic World: Economy Of The UK Flashcards
What is de-industrialisation?
The decline in secondary employment and the subsequent growth in tertiary and quaternary employment
Why has de-industrialisation occurred in the UK?
- A global shift in manufacturing to NEEs, where wages are lower, working hours are longer and trade unions are sometimes banned
- An increase in the number of machines used to carry out work (mechanisation)
What is a post-industrial economy?
A time when traditional industries have declined and new jobs have had to take their place
Explain the ADVANTAGES of the UK move in the tertiary sector (post-industrial economy)
- Economic growth (mainly due to more global trade)
- Migration (migrants fill jobs where we have a shortage of skilled workers)
- Foreign investment (companies invest in UK, bringing new ideas, technology and jobs)
- High value production (workers are better paid and UK earns more money)
Explain the DISADVANTAGES of the UK move in the tertiary sector (post-industrial economy)
- Less manufacturing (more imports of goods, fewer goods are produced in UK, factories close and jobs lost)
- Outsourcing jobs (jobs that were done in UK can now be done elsewhere, loss of jobs or lower wages for those still working in UK)
- Inequality (gap between the low paid unskilled work and high paid skilled work is increasing, hard for low skilled workers to negotiate due to jobs being outsourced)
Globalisation
The growth and spread of ideas around the world
Science park
A group of scientific and technical knowledge-based businesses located on a single site
Business park
An area of land occupied by a cluster of businesses
Benefits of the location of Cambridge Science Park
- Near 4 London airports (cheaper to receive and send things)
- Surrounded by motorways and railways (lots of visitors)
- On green field, edge of Cambridge city (room for expansion)
- Close to Trinity College (jobs for skilled graduates)
- Just 50miles from London (near UK’s economic hub)
Benefits of Cambridge Science Park having agglomerated economies
Joined venture between lots of different businesses within an area
- they share ideas
- attracts workers in different industries
- all workers are highly skilled and get to choose where they work
Sustainability
Meeting the needs of the present without damaging the ability of future generations to live a good life
Why is Cambridge Science Park SUSTAINABLE?
- 132 cycle parking spaces
- 9 showers
- 11% commuters car share
- Energy efficient lightbulbs used both inside and out
Why is Cambridge Science Park UNSUSTAINABLE?
- Built on greenfield site, loss of ecosystems and farmland
- Site only offers highly skilled jobs
- 3800 workers travelling to and from it everyday lead to massive traffic congestion and increased air pollution from cars
ADVANTAGES of Torr Quarry
- Over 100 people employed there
- TQ contributes over £15million toward local economy per year
- TQ is a nationally important source of construction materials
How is Torr Quarry SUSTAINABLE?
- Characteristic limestone features created to make landscape look natural
- Quarry being restored to create wildlife lakes and a water supply
- Regular monitoring of noise, vibration, dust, water quality
- 3/4 output transported by rail transport-minimises impact on local roads and villages
How is quarrying UNSUSTAINABLE?
- Huge scars in rural landscape, ruined for local people (less tourists and money)
- Locals suffer noise, dust, light pollution
- Machines send CO2 into atmosphere (smog, illness, global warming)
- Deforestation (biodiversity reduced-affects food chain, no gas exchange)
- Loss of rural space