Regional Inequalities

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20 Terms

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Deindustrialisation
.A fall in the proportion of national output accounted for by the manufacturing sector of the economy
.A fall in the proportion of national output accounted for by the manufacturing sector of the economy
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Finance sector
knowt flashcard image
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Traditional industrial base
The manufacturing industries that British cities used to rely upon such as shipbuilding, pottery, wool etc
The manufacturing industries that British cities used to rely upon such as shipbuilding, pottery, wool etc
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Globalisation
The growing integration of the world's economies.
The growing integration of the world's economies.
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Government policy
The central ideas or principles that guide government in its work, including the kind of laws it passes.
The central ideas or principles that guide government in its work, including the kind of laws it passes.
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Post industrial economy
An economy that de-emphasizes industry, preferring services instead.
An economy that de-emphasizes industry, preferring services instead.
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Information technology
Involves operating computer networks that can store and process data
Involves operating computer networks that can store and process data
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Service industry
Business that provides services to people instead of producing goods
Business that provides services to people instead of producing goods
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Finance sector
Consists of all financial institutions (banks and non-bank financial intermediaries) who engage in the borrowing and lending of money and the sale and purchase of financial assets and services to firms and households.
Consists of all financial institutions (banks and non-bank financial intermediaries) who engage in the borrowing and lending of money and the sale and purchase of financial assets and services to firms and households.
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Science parks
Regional districts, typically set up by government, to foster collaboration between government, universities, and private firms.
Regional districts, typically set up by government, to foster  collaboration between government, universities, and private firms.
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Business parks
Areas specifically designed for business offices and small factories.
Areas specifically designed for business offices and small factories.
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Environmental sustainability
Developing strategies and practices that create a world economy that the planet can support indefinitely
Developing strategies and practices that create a world economy that the planet can support indefinitely
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North-South divide
The economic division between the wealthy areas in the South and East of the UK compared to the less well off in the North and West.
The economic division between the wealthy areas in the South and East of the UK compared to the less well off in the North and West.
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European Union
An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members.
An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members.
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Brexit
The British Exit from the European Union.
The British Exit from the European Union.
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HS2
High Speed Railway 2 - a planned high-speed railway proposed to run between London (Euston) and the Midlands and the North of England to help redirect industry from the capital.
High Speed Railway 2 - a planned high-speed railway proposed to run between London (Euston) and the Midlands and the North of England to help redirect industry from the capital.
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Wealth inequality
The gap in net worth among various population groups
The gap in net worth among various population groups
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Gender inequality
The inequality between men and women in terms of wealth, income, and status
The inequality between men and women in terms of wealth, income, and status
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Health inequality
Differences, variations, and disparities in the health achievements of individuals and groups of people
Differences, variations, and disparities in the health achievements of individuals and groups of people
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Race inequality
Differences and disparities between people based on their ethnic origin.
Differences and disparities between people based on their ethnic origin.