Causes of economic change
I can describe the main causes of economic change in the UK.
- Year 11
- AQA
Causes of economic change
I can describe the main causes of economic change in the UK.
Lesson details
Key learning points
- There have been major changes in the economy of the UK.
- De-industrialisation and the decline of traditional industrial base have caused economic change in the UK.
- Globalisation has caused economic change in the UK.
- Government policies have caused economic change in the UK.
Keywords
De-industrialisation - the decline and loss of traditional forms of industry
Traditional industries - labour-intensive industries such as coal mining, steel and textile production and ship building
Globalisation - an increased connectedness between different countries that spreads money, ideas, goods and people
Privatisation - the takeover of state-run industries by private corporations
Common misconception
The changes in the UK economy affected all regions equally and at the same time.
Some areas, such as the north east, continued to rely on traditional industries until the 1980s and 1990s. Other areas, like London, moved into tertiary industries long before others.