United Kingdom - Changing Economic World - Paper 2 Flashcards
What is deindustrialisation?
The decline of a country’s traditional manufacturing industry due to exhaustion of raw materials, loss of markets snd competition from NEE’s.
What is globalisation?
The process which has created a more connected world, with increases in the movements of goods (trade) and people (migration and tourism) worldwide.
What are government policies?
A plan or course of action decided by a government to manage issues in a country.
Define trade:
The buying and selling of goods and services between countries.
What is the Commonwealth?
A voluntary association.
How many sovereign states are in the Commonwealth?
53 independent and equal sovereign states.
How many citizens is the Commonwealth home to?
2.2 billion.
What are member states of the Commonwealth united by?
Language, history, culture and their shared values of democracy, human rights and the rule of law.
How many European countries are in the European Union?
28
What was the EU formed for?
To reduce trade barriers and increase cooperation among its members.
What is industrial structure?
The relative proportion of the workforce employe in different sectors of the economy.
What are 4 clear differences in the north south divide?
-Health conditions
-House prices
-Earnings
-Political influence
What is primary industry?
Extracting raw materials from the natural environment (eg mining and farming)
What is secondary industry?
Taking raw materials produced by the primary sector and processing them into manufactured goods and products.
What is tertiary industry?
Involves the selling of services and skills.
What is quaternary industry?
Consisting of industries providing information services such as computing, ICT and Research and Development.
Describe the change in employment in primary industries in the UK:
In 1750, percentage employed was 55%, by 2000 it had decreased significantly to just 3%.
Describe the change in employment in secondary industries in the UK:
The % of people employed in secondary industries peaked in 1900 at 61%. This declined dramatically by 2000 when just 24% of people were employed in this sector.
Describe the change in employment in tertiary industries in the UK:
They remained low between 1750 and 1900 ranging between 16% and 24%. From 1900 onwards, people employed in this sector dramatically increased from 24% in 1900 to 68% in 2000.
Describe the change in employment in quaternary industries in the UK:
It had only began to increase. It was non-existent in the years before 1950, and from then until now it has increased by 10% but rapidly.
Give one advantage of triangular graphs:
They are useful for showing patterns.
Give one disadvantage of triangular graphs:
They only work with a very limited range of data.
What are the 6 main causes of deindustrialisation?
-Increasing cost of production (wages and environmental regulations
-Globalisation - competition from low wage/ regulation NEE countries
-Declining investment leading to less competitiveness
-Changing government policies (nationalisation to privatisation)
-Cycle of decline
-Increasing competitiveness of tertiary industries thanks to education and technology
How many coal mines in the UK has deindustrialisation led to the loss of?
30,000
Give an example of how globalisation has caused deindustrialisation:
Tata steel in Port Talbort (Wales) has decreased from 18,000 to 3,300 jobs due to cheap Chinese steel imports.
What 4 industries were north-east England best known for before deindustrialisation?
-Coal mining
-Ship building
-Iron and steel
-Chemicals
Which parts of the UK have been most affected by deindustrialisation?
-South Wales
-North East England
-Cornwall
Name a town in north-east England affected by deindustrialisation:
Easington Colliery.
What happened in Easington Colliery?
The town grew around its coal mine, and when the mine closed in 1993, over 1,000 men were left unemployed. Over 20 years later, the town has not recovered. Unemployment is still high and people are on low incomes, so businesses in the town struggle to survive
What is a post-industrial economy?
Where manufacturing industry has been replaced by the service industry or tertiary jobs.
What does the quaternary sector contain?
Information technology, biotechnology and new creative industries.
How much of the UK workforce is estimated to work in the quaternary sector?
10-15%
What are the 3 cities with the highest potential growth score?
-Cambridge
-Reading
-Manchester
What has globalisation resulted from?
Improvements in communications and technology, together with the development of trading groups such as the European Union.
What were government policies like between the years 1945 and 1979?
The government created state-run industries to support the UK’s declining heavy industries and protect jobs.
Give an example of a state run industry in the years 1945-1979:
British Steel Corporation.
What were government policies like between the years 1979-2010?
State-run industries were privatised, many heavy industries were closed down and jobs were lost. Government and private sector investment resulted in a transformation of many former industrial areas into financial centres, offices and retail parks as the service sector started to grow rapidly.
Give an example of an industrial areas transformed and a financial centre formed:
London Docklands (industrial area) and Canary Wharf (financial centre).
What were government policies like from 2010 onwards?
The government has sought to rebalance the economy by encouraging investment in the high-tech manufacturing sector. It has invested in transport infrastructure and the development of high-speed rail connections. Loans and other financial incentives are available to encourage small businesses to set up in the UK.
Give an example of the government encouraging investment in the high-tech manufacturing sector:
Aerospace and computer engineering.
Give an example of transport infrastructure and development of high-speed rail connections invested in by the government:
Transport infrastructure: London’s Crossrail. High-speed rail connections: HS2 with the ‘Northern Powerhouse’
What were government policies like in 2016?
The UK voted in a referendum to leave the European Union. A free trade agreement has been reached with the European Union but the impacts on the UK economy of leaving the EU are yet unknown.
When did the UK formally leave the European Union?
31 January 2020
Give 5 ways how information technology has affected people’s lives and economic development:
-Mobile devices such as smartphones enable informations to be accessed almost anywhere
-The UK is recognised as one of the top IT countries in the world, attracting business and investment from overseas companies
-The internet and use of computers enables people to work form home and to be self-employed
-Computers can store and process vast amounts of information very quickly
-Developments in technology have stimulated the growth of specialist manufacturing industries as well as service and research
How many people in the UK work in the IT sector?
Over 1.3 million.