UK Economy Flashcards
Type of economy
post-industrial (knowledge economy)
Where is the most economic growth
around London and major transport routes
What is the M4 corridor
Area around the M4 where high tech business (eg Vodaphone, Microsoft and Sony) have located due to easy access to airports, London and transport
How much of the UKs economic output is from the M4 corridor
8%
Impacts of globalisation
Increased economy (50%) cheaper goods, foreign investment, migration, increased inequalities, outsourcing of jobs
Pros of Cambridge science park location
good transport (M11 and Stanstead Airport) graduates to employ, low rent, good quality of life - city, work with colleges to develop new ideas
Cons of Cambridge science park location
Congestion and overcrowding, expensive to live, need better roads
What is counter-urbanisation
people moving urban to rural
why is counter-urbanisation occurring
nicer to live in rural areas and commute
negative effects of counter-urbanisation
increases house prices, more pressure on green belt as demand increases, changes culture
pros of counter-urbanisation
maintains population, new energy to rural areas, maintain demand for rural schools/shops
Economy in the North
higher unemployment - most of the industry = coal mining etc. hugely effected by industrial revolution
Economy in the South
flat and fertile little industry, high employment, population and housing prices
Strategies to reduce North-South Divide
Identify areas in need of help and ‘assist them’ providing money for new businesses, improve transport infrastructure (HS2 and M62) giving more power to individual cities
How many new road schemes are there for 2020
100+
