UK - MOVING TOWARDS A POST-INDUSTRIAL ECONOMY

Development of information technology
- Important part of UK's economy. - Over 60,000 people are employed in the IT sector by companies like Microsoft and IBM.
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Development of services
- E.g. retail, entertainment and personal services (e.g. hairdressers). - UK's largest sector. - Employs 4.4 million people.
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Development of finance
- UK (especially London) is home to many global financial institutions. - Some, like HSBC, have their global headquarters in the UK.
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Development of research
- Research and development (R & D) is increasing in the UK, making use of the UK's skilled university graduates. - 2013: Nearly £30 billion was spent on R & D in the UK.
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Development of science and business parks
- Home of quaternary industries. - On outskirts of cities. - Near to good transport links (e.g. motorways+airports). - Close to housing to accommodate workforce. - Near universities so that uni research is available for research businesses.
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Why is the no. of science & business parks growing?
- Large and growing demand for high-tech products (science parks can help develop new tech.). - UK has high no. of strong research universities, that the parks can form links with. - Clusters of related businesses in one place can boost each other.
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Card 2

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Development of services

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- E.g. retail, entertainment and personal services (e.g. hairdressers). - UK's largest sector. - Employs 4.4 million people.

Card 3

Front

Development of finance

Back

Preview of the front of card 3

Card 4

Front

Development of research

Back

Preview of the front of card 4

Card 5

Front

Development of science and business parks

Back

Preview of the front of card 5
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