UK CS- economic hub Flashcards

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1
Q

UK economic hub

A

South Wales

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2
Q

description

A

urban areas like Swansea, Cardiff and Newport act as an economic hub to Wales and also to the UK by providing jobs for urban areas and surrounding rural areas where deprivation is more common

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3
Q

change over time

A
  • originally industries centered around coal mining and iron making including exports
  • early 21st century- economic growth after transport links improved and efforts were made to attract businesses
  • investment from EU attracted high tech industries
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4
Q

significance to UK

A
  • generates jobs, improves individuals wealth and generates investment for the economy
  • manufacturing (ford cars employs 2000 people)
  • financial services (admiral insurance employ 5000+ people)
  • tech, media and tourism industries significantly grown
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