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The Changing Economic World

Economic futures in the UK

  • 3 things to know
  • Paper 2

Overview

De-industrialisation, globalisation and government policy, the post-industrial economy of services, information technology, science and business parks, industry's environmental impacts, rural change, transport investment, the north–south divide and the UK's links with the EU and the Commonwealth.

What you need to know

Answer each one before you reveal it.

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Key term

What is a science park, and what kind of work goes on there?

Key term

Why do port and airport capacity matter to the UK economy?

Key term

How has globalisation reduced the number of manufacturing jobs in the UK?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What is de-industrialisation, and which UK industries did it hit hardest?

    Model answer

    The decline of manufacturing and heavy industry; in the UK it closed coal mines, steelworks, shipyards and textile mills and threw thousands out of work.

  2. 2

    How has globalisation reduced the number of manufacturing jobs in the UK?

    Model answer

    Firms moved production abroad where labour, land and energy are cheaper, so goods once made in Britain are now imported instead.

  3. 3

    Give two ways government decisions have reshaped the UK economy.

    Model answer

    State-owned industries were sold off and loss-making pits and works were allowed to close, and grants and enterprise zones were later used to attract new firms to the areas that suffered.

  4. 4

    What is a post-industrial economy?

    Model answer

    An economy in which most people work in services and knowledge-based work rather than in factories and heavy industry.

  5. 5

    How has the growth of information technology changed where and how people in the UK work?

    Model answer

    It has created jobs in computing, software and communications, and it allows many people to work from home or from offices anywhere in the country.

  6. 6

    What are service industries, and which service is the UK's largest overseas earner?

    Model answer

    Industries that supply a service rather than a product, such as retailing, transport, health, education and tourism; finance and banking earn the most from abroad.

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