Causes of Economic Change Flashcards

All 5 cards in this deck

What is de-industrialisation?

The decline of a country's traditional manufacturing (secondary) industry, with loss of factories and jobs.

Give two reasons why traditional UK manufacturing industries declined.

Cheaper labour costs abroad meant UK firms could not compete; machines and robots reduced the need for workers.

How has globalisation caused economic change in the UK?

Cheaper, easier global communication and container shipping let firms keep HQs in the UK but manufacture abroad, so UK manufacturing declined and the quaternary sector expanded.

Which government policy sold off state-run industries, causing job losses as companies were made more competitive?

Privatisation.

True or false? Being inland, far from large ports, added to the costs of some traditional UK industrial areas and helped cause their decline.

True. Inland areas such as Sheffield faced higher transport costs for raw materials, making them uncompetitive.