UK - CAUSES OF ECONOMIC CHANGE

De-industrialisation and the decline of the UK's industrial base
- Fewer jobs are available in manufacturing and heavy industries (e.g. coal mining and steel production). - These industries were once a primary source of employment and income for the UK.
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Globalisation
- A lot of manufacturing has moved overseas, where labour costs are lower. - Although headquarters of manufacturing companies have often remained in UK. - Trade with other countries is increasingly important part of UK GDP.
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Government policies
-Government decisions on investment in new infrastructure+tech. and support for businesses (e.g. tax breaks) affect how well the economy grow.-Government groups memberships(e.g.World Trade Organisation)=easier for UK companies to operate worldwide.
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Other cards in this set

Card 2

Front

Globalisation

Back

- A lot of manufacturing has moved overseas, where labour costs are lower. - Although headquarters of manufacturing companies have often remained in UK. - Trade with other countries is increasingly important part of UK GDP.

Card 3

Front

Government policies

Back

Preview of the front of card 3

Card 4

Front

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Back

Preview of the front of card 4

Card 5

Front

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Back

Preview of the front of card 5

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