UK Economy

Question 1

Type of economy

Answer 1

post-industrial (knowledge economy)

Question 2

Where is the most economic growth

Answer 2

around London and major transport routes

Question 3

What is the M4 corridor

Answer 3

Area around the M4 where high tech business (eg Vodaphone, Microsoft and Sony) have located due to easy access to airports, London and transport

Question 4

How much of the UKs economic output is from the M4 corridor

Answer 4

8%

Question 5

Impacts of globalisation

Answer 5

Increased economy (50%) cheaper goods, foreign investment, migration, increased inequalities, outsourcing of jobs

Question 6

Pros of Cambridge science park location

Answer 6

good transport (M11 and Stanstead Airport) graduates to employ, low rent, good quality of life - city, work with colleges to develop new ideas

Question 7

Cons of Cambridge science park location

Answer 7

Congestion and overcrowding, expensive to live, need better roads

Question 8

What is counter-urbanisation

Answer 8

people moving urban to rural

Question 9

why is counter-urbanisation occurring

Answer 9

nicer to live in rural areas and commute

Question 10

negative effects of counter-urbanisation

Answer 10

increases house prices, more pressure on green belt as demand increases, changes culture

Question 11

pros of counter-urbanisation

Answer 11

maintains population, new energy to rural areas, maintain demand for rural schools/shops

Question 12

Economy in the North

Answer 12

higher unemployment - most of the industry = coal mining etc. hugely effected by industrial revolution

Question 13

Economy in the South

Answer 13

flat and fertile little industry, high employment, population and housing prices

Question 14

Strategies to reduce North-South Divide

Answer 14

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

Question 15

How many new road schemes are there for 2020

Answer 15

100+

Question 16

what is HS2

Answer 16

high speed railway connecting London and Birmingham

Question 17

Pros of HS2

Answer 17

decrease pressure on existing rails, down journey, more industry to midlands, 1000’s jobs, add £40bill to economy, carbon neutral

Question 18

Supporters of HS2

Answer 18

main political parties, large cities + their businesses + Scottish gov

Question 19

Cons of HS2

Answer 19

jobs in London not midlands, costs £42bill, more CO2 as more power required

Question 20

Opposition to HS2

Answer 20

County councils, residents on route, green party, taxpayers

Question 21

What is Deindustrialisation

Answer 21

decline of traditional manufacture industry

Question 22

causes of deindustrialisation

Answer 22

no more raw materials, markets fall, mechanisation, NEE competition, shut down due to environmental laws

Question 23

how have the numbers of coal mines in the NE changes in the 20th cent

Answer 23

3000-30 - last one shut 2015

Question 24

effects of deindustrialisation on N-E England

Answer 24

towns like Easington Colliery left with 1000s unemployed, shipbuilding in Tyne/Wear moved to South Korea/China, iron and steel run out so steelworks closed, chemical industry shut down

Question 25

How have the government responded to deindustrialisation

Answer 25

investing in infrastructure, encouraging foreign investment (eg Nisson factory in Sunderland employs 7000) regional development agency and local enterprise partnerships support local businesses

Question 26

How have government policies lead to economic change

Answer 26

Limited primary industry due to laws (eg fishing limits in eu) government sold secondary business to companies - PRIVATISATION and investment in knowledge economy over primary/secondary