5.2.1

Causes of Economic Change in the UK

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Causes of Economic Change in the UK

The UK's economy is changing and this is being caused by several factors:

De-industrialisation

De-industrialisation

  • The north of England used to be a hub for trade with the United States of America and the British Empire.
  • Cotton and textiles were important English-produced commodities.
  • Cotton prices in England were benchmarked by the prices that were available in the market by Liverpool's port.
  • Since de-industrialisation, there are fewer jobs in manufacturing, in producing goods and in the north of England.
Globalisation

Globalisation

  • Globalisation and the internet allow someone in India to communicate with someone in the UK instantly.
  • India's English speaking heritage and population have created economic ties with English and American businesses - British Airways outsources its software development to India.
  • Globalisation means that businesses compare the cost of doing something in the UK against the cost of doing it in a country where salaries are much lower.
Government policies

Government policies

  • Government policies affect the economy.
  • In France, the government owns parts of Renault (cars), Francaise des Jeux (gambling), Air France-KLM (airline), and Orange (mobile phones).
  • In the 1980s, the British government sold off lots of their stakes in a movement of 'privatisations'. This means that in many industries there may not necessarily be an English business operating anymore.
Jump to other topics
1

The Challenge of Natural Hazards

1.1

Natural Hazards

1.2

Tectonic Hazards

1.3

Weather Hazards

1.4

Climate Change

2

The Living World

2.1

Ecosystems

2.2

Tropical Rainforests

2.3

Hot Deserts

2.4

Tundra & Polar Environments

3

Physical Landscapes in the UK

3.1

The UK Physical Landscape

3.2

Coastal Landscapes in the UK

3.3

River Landscapes in the UK

3.4

Glacial Landscapes in the UK

4

Urban Issues & Challenges

5

The Changing Economic World

5.1

The Changing Economic World

5.2

Economic Development in the UK

6

The Challenge of Resource Management

6.1

Resource Management

6.2

Food

6.3

Water

6.4

Energy

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