the changing uk economy Flashcards
(49 cards)
compare the job sectors
primary - land based eg farming
secondary - manufacturing eg factory
tertiary - service eg nursing
quarternary - high tech eg research
how has uk economy changed
18th century - primary
19th century - insdustrial revolution, secondary eg textile
current - tertiary
causes of economic change in uk and define each
de-industrialisation - decline in secondary
globalisation - growth & spread of ideas
government policies
how has de-industrialisation changed uk economy
decline in secondary due to:
- machinery replacing factory workers
- cheaper production elsewhere as labour is cheaper, eg in china
how has globalisation changed uk economy
- increases quarternary as industries such as transport, communication, and internet are increasingly used
- increased world trade and cheaper imports, lower secondary
how have government policies changed uk economy
1950s-60s - government created state-run industries eg national rail
1980s - 2000s - privatisation: state-run industries sold to private shareholders, many industries and jobs lost. however, new private companies created brought innovation & change, eg canary wharf
2010+ - “rebalance”: investments in secondary and less prosperous north of UK. policies:
- improving transport eg elizabeth line
- investment in high tech manufacturing, encouraging firms to locate, eg bristol
what is a post - industrial economy
a shift in economy - UK shifts secondary to quarternary after industrial revolutiom
what has moved the uk to a post industrial economy
IT, service industry and finance, research
how has IT moved uk to a post industrial economy
- increase in work from home, especially after covid, has lead to increase in technology usage, boosting quarternary as more developments made
- IT sector employs 1.3 million in uk
how has service industry and finance moved uk to a post industrial economy
tertiary has rapidly grown since 1970 - now 81% of economic output
eg finance - worlds leading sector, 10% economic output with 2 million workers
how has research moved uk to a post industrial economy
60 000 employees contribute 3 billion to economy and projected to grow
- communication with high-end unis to stay on cutting edge of science & technology
how can improving roads affect the uk
eg: south west super highway
- £2 billion to widen the often congested main motorway to south west to a dual carriageway, said to become “super highway”
- hundreds of construction jobs
- improved connectivity and widened roads reduces congestion, increasing efficiency of delivery & improving punctuality at school/work
- widening destroys local habitat
- increased noise pollution for locals
- congestion still remains
how can improving railways affect the uk
eg: londons crossrail - links reading and heathrow in the west to shenfield and abbey wood in the east
- reduce journey times
- brings additional 1.5 million people within 45 minute journey of key business districts
- opened 3.5 years late and £4 billion over budget.
how can improving ports affect the uk
eg: liverpool 2 - new container terminal
- capacity more than doubled, 1.5 million containers annually. reduced road traffic as less road transport needed
- over 5000 jobs created
- poorly designed, poor access for lorries. requires greater infrastructure: protests due to costs, noise, environment,
how can improving airports affect the uk
- creates global links, improving economy both regionally and nationally
eg londons airports - 2015 project to create third runway, £19 billion
- expected to boost economy by £61 billion
- 77 000 jobs created
- hundreds of homes must be demolished
- increased noise pollution
- planes are most polluting mode of transport, more runways = more planes
what is a science park
a group of scientific and technical knowledge - based businesses located on a single site
what is a business park
area of land occupied by a cluster of businesses
where are science and business parks often located
on edges of towns for
- better access with less congestion
- land is cheaper
- better work environment
science parks: close to unis to attract top graduates and share research
example of science park with brief description
university of southampton science park.
- 100 small science and innovation businesses eg award winning software business Gresham Tech
advantages of university of southampton science park
- close links with uni of southampton to attract top graduates and share research
- attractive location with extensive fields/woodland
- excellent transport links eg M3 to london, southampton international airport
example of business park with brief description
cobalt business park in newcastle-upon-tyne
- uks largest business park with several support facilities eg retail outlets and a fitness centre
- companies eg santander
advantages of cobalt business park
- transport links eg A19, and 20 mins from international airport
- businesses there are qualified for government assistance, offers employment for newcastle, which suffered economic decline due to traditional industries closing
disadvantages of science and business parks
- growth in housing demand increases house prices - lower paid workers cannot afford
- built on greenfield. green belt under further pressure due to housing demand as workers wish to live nearby workplace
impacts of industry (eg quarry) on environment
- visual impact on landscape
- waste often taken to landfill, pollutes water, soil, air
- transport of material often needs road construction/widening, transport increases air pollution