Where foreign stakes gain a stake in privatised national services and infrastructure which reduces costs for the government.
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Has it been effective?
Since the 1980s, ownership of many assets have passed overseas to private investors
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Examples of privatisation in the UK?
Large proportion of southern England's railway service is owned by French company Keolis and 10% of Heathrow airport is owned by China
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What has happened since the Global Financial Crisis? (privatisation)
The UK Government has approached the Chinese and the Middle Eastern SWF for aid in funding new infrastructure projects
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What are methods in 'Encouraging business start-ups'?
From low taxes to changes in the law which allows local and foreign-owned businesses to make profit
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Sunday trading?
Introduced in the UK in 1994 which became more attractive for foreign retailers such as Burger King and the Disney Store
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Example of business start-ups in Europe?
Italy, has eased restrictions on Chinese investors wanting to start textile companies in the EU - Prato now has largest Chinese population in Europe
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What is neoliberalism/free-market liberalisation associated with?
Ronald Reagan and Margaret Thatcher's policies during the 1980's
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What were two beliefs associated with the two?
That government intervention in markets prevents economic development and as wealth increases, trickle down occurs from rich to poor members of a society
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What is 'trickle-down'?
Positive impacts on peripheral regions caused by wealth created in core regions
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What action was a result of neoliberalism/free-market liberalisation?
Restrictions being lifted on how companies and banks operate
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Example of neoliberalism/free-market liberalisation?
City of London was deregulated in 1986 (large amounts of 'red tape' removed) which paved the way for London to become a 'global hub' for financial services and home to many 'non-dom' billionaires
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Other cards in this set
Card 2
Front
Has it been effective?
Back
Since the 1980s, ownership of many assets have passed overseas to private investors
Card 3
Front
Examples of privatisation in the UK?
Back
Card 4
Front
What has happened since the Global Financial Crisis? (privatisation)
Back
Card 5
Front
What are methods in 'Encouraging business start-ups'?
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