The Rise Of The New Economy

Question 1

Name two new economy jobs

Answer 1

Accountant and lawyer

Question 2

What is the new economy?

Answer 2

The growth in the tertiary sector since the 1980’s

Question 3

What is the quaternary sector?

Answer 3

Jobs based on knowledge and that use technology

Question 4

What is the knowledge economy?

Answer 4

Economy based on specialised knowledge and skill

Question 5

Where are the London dock lands?

Answer 5

They are in London and encase the River Thames in mainly eastern London

Question 6

What was once significant about the London Docklands

Answer 6

It became the world’s largest port.

Question 7

What effect did the closure of the London docklands have?

Answer 7

Most people were in poverty by 1980 and the area has been redeveloped for commercial and residential use

Question 8

When and why did the London docklands go into decline?

Answer 8

Between 1950 to 1970 due to advances in goods transportation
and ships being too big to fit along the river.
Got redeveloped from 1981 as the London Docklands Development association (LDDC) that aimed to improve social, economic and environmental conditions

Question 9

Give some problems with redevelopment by the LDDC

Answer 9

• New comers didn’t mix with locals breaking the east end community
• wealthy new comers allowed local shop and recreational prices to rise
• most new jobs created went to people who lived outside the area as locals weren’t very technically skilled

Question 10

Give 4 ways the LDDC carried out social and environmental regeneration

Answer 10

• city airport in the royal docks handled over 1/2 a million in 1995
• unemployment has fallen from 14.2 - 9.5%
• 7,900 council houses were refurbished
• 160,000 trees were planted and 17 conservation areas were created

Question 11

Give 2 ways the LDDC carried out economic regeneration

Answer 11

• between 1981 and 1996, businesses increased from 1000 to 2400
• it’s estimated both employment and the no. Of businesses doubled between 1981 and 199

Question 12

Give some reasons the London docklands declined

Answer 12

• Because over 50% of the docklands was derelict with many empty warehouses and factories
• by 1981 larger ships could no longer reach London
• by 1981, jobs were scarce, the docks closed, transport was poor, most 19th century houses needed repair, lack of basic services

Question 13

Give a positive of the LDDC

Answer 13

Provided housing

Question 14

Give a negative of the LDDC

Answer 14

Services and healthcare weren’t getting as much help