UK Economy deindustralised Flashcards
Deindustrialisation
This is the decline in manufacturing industry and the supsequenct growth in the tertiary and quaternary industry.
First reason why Deindustrailsation happened
- Machines and technology have replaced many people in mordern indsutries, for example in car production.
Second reason why Deindustrailsation happened
- Other countries such as China and Malaysia can produce goods because labour there is less expensive.
Third reason why Deindustrailisation happened
- Lack of investment, high labour costs and outdated machinery made the UK products too expensive.
What happened 2010 onwards
- Improvements to transport infrastructure, for example cross rail link.
- high- speed rail way connections
- More investment in manufacturing industries
- Easier access to loans and finance, helping small businesses
- Encouraging global firms to locate within the Uk
What is the main reason for a post-industrial economy -
- The use of information technology has transformed the way people live and work. It is one of the main factors in the UKS more to a post-industrial economy.
List some examples for a post-industrial economy
- Computers allow large amounts of data to be stored and accessed quickly
- The internet enables people to communicate with each other instantly across the world.
- Technology continues to develop at a rapid pace
Eg- high-speed broadband. - Many people are able to access to the internet with smartphones and tablets.
How have developments in IT affected the UK economy
- Internet access enables many people to work from home.
- Many new businesses are directly invoeld with IT, manufacturing hardware and designing software.
- Over 1.3 million people work in the IT sector.
- ## The uk is one of the world’s leading digital economies, attracting businesses and investment from abroad.
What percentage does the UK sector contribute to?
79 per cent of the UK economic output
What was the old economic output in 1948?
46 per cent in 1948
What percentage does the service sector account for?
10 per cent
How many people does the service sector employ?
2 million people