Overview Of The Lessons Flashcards
(19 cards)
Q1: What makes the UK a highly integrated and developed country?
A1: It is a high-income country (HIC), the 6th largest global economy, responsible for 3.3% of global GDP and 3.5% of global trade.
Q2: What is the UK’s global city and what role does it play?
A2: London, which serves as a global financial hub, attracting FDI and connecting to global markets due to its time zone and deregulated service sector.
Q3: Which sectors dominate the UK’s economy?
A3: The service sector, especially finance, legal, education, tourism, and culture.
Q4: What economic strategy did the UK adopt in the 1980s?
A4: Neoliberalism: financial deregulation (Big Bang), privatisation, and tax incentives to attract foreign capital.
Q5: What role do British Overseas Territories play in the UK’s economic strategy?
A5: They serve as tax havens linked to London, attracting capital from firms and wealthy individuals to avoid taxation.
Q6: How has the UK tried to maintain global links after Brexit?
A6: By signing trade deals with countries like Japan, Australia, and Singapore, although most replicate EU agreements and offer limited new benefits.
Q7: What international organisations is the UK a member of?
A7: G7, G20, WTO, IMF, and World Bank.
Q8: What has the UK historically promoted within global governance
A8: Free trade, global capitalism, and neoliberal economic policies.
Q9: What legacy has the UK left in the Global South as a former empire?
A9: Colonialism and neo-colonialism contributed to lasting poverty, inequality, and instability in parts of Africa and Asia.
Q10: What domestic policies have contributed to UK regional inequality?
A10: Deindustrialisation, austerity after 2008, and over-centralised governance.
Q11: What regions have been most negatively affected since the 1980s?
A11: Scotland, the Midlands, and the North of England.
Q12: What types of jobs replaced well-paid industrial work in many UK regions?
A12: Low-paid and low-skilled service sector jobs.
Q13: Which regions concentrate wealth, innovation, and productivity?
A13: The Greater South East: London, Oxford, and Cambridge.
Q14: What makes the UK Europe’s most regionally unequal country?
A14: The stark contrasts in income, life expectancy, infrastructure, and public services between London/South-East and the rest of the country.
Q15: How does the UK’s political system worsen regional inequality?
A15: Through excessive centralisation, limiting regional autonomy and investment in poorer regions.
Q16: What flows make the UK a global hub?
A16: Capital flows, FDI, tourism, international students, migrants, and cultural exports.
Q17: What are examples of the UK’s soft power?
A17: The Premier League, British universities, global film and music industries (e.g., Harry Potter, GOT), and the English language.
Q18: What limits the UK’s post-Brexit global influence?
A18: Weak trade deals, limited Commonwealth cooperation, and declining political influence
Q19: Why is the idea of replacing the EU with the Commonwealth unrealistic?
A19: The Commonwealth lacks strong economic ties, and many of its members prioritise regional agreements over links with the UK.