UKEconomy

What we are going to talk about Primary Sector Primary Sector Secondary Sector Secondary Sector Tertiary Sector Tertiary Sector  Import & Export  Finance & Currency

Introduction Sixth-largest national economy in the world and the third-largest in Europe after Germany and France Sixth-largest national economy in the world and the third-largest in Europe after Germany and France Naval Power since the victory against the Spanish's Invincible Armada Naval Power since the victory against the Spanish's Invincible Armada First country in the world to industrialize First country in the world to industrialize Decline from 20 th century Decline from 20 th century Currently with a strong economy and currency Currently with a strong economy and currency

Primary Sector Quite productively efficient agricolture (2/3 of the national consummation of food) Quite productively efficient agricolture (2/3 of the national consummation of food) Highlands (north): farming Highlands (north): farming Lowlands (south): crops Lowlands (south): crops Fishing in the Atlantic Ocean and in the North Sea Fishing in the Atlantic Ocean and in the North Sea Mines (north and centre): coal and iron Mines (north and centre): coal and iron

Secondary Sector Started with the event of the Enclosures Started with the event of the Enclosures Engineering: Japanese multinationals (Nissan, Honda and Toyota) and original English firms Engineering: Japanese multinationals (Nissan, Honda and Toyota) and original English firms Electronics: Multinationals (IBM, Hitachi, and Sony) and “M4 Corridor” (similar to the Silicon Valley) Electronics: Multinationals (IBM, Hitachi, and Sony) and “M4 Corridor” (similar to the Silicon Valley) Chemicals: Shell (Petrol chemicals) and Glaxo Wellcome (Medicine) Chemicals: Shell (Petrol chemicals) and Glaxo Wellcome (Medicine) Food Industry: the most popular product is the Whisky Food Industry: the most popular product is the Whisky

Bulding Construction is a major employer Bulding Construction is a major employer Textiles: First industry since the Industrial Revolution. Uses the indian cotton and the local wool Textiles: First industry since the Industrial Revolution. Uses the indian cotton and the local wool

Tertiary Sector Generous investments on Healthcare and Education Generous investments on Healthcare and Education Transport: very developed in all type of transport Transport: very developed in all type of transport Telecommunication: duopoly of BBC and IBA Telecommunication: duopoly of BBC and IBA Tourism: 7 th biggest touristic destination. Main touristic attraction: Tower of London. Scotland: kilt and bagpipe Tourism: 7 th biggest touristic destination. Main touristic attraction: Tower of London. Scotland: kilt and bagpipe

Investments of UK's Government in the different tertiary sectors

Import & Export Import: spices, silk and Indian tea (India) cocoa, coffee, wood, gold and diamonds (Africa) Import: spices, silk and Indian tea (India) cocoa, coffee, wood, gold and diamonds (Africa) Export: manufactured goods, fuels, chemicals (medicines), food, beverages and tobacco while it imports food, raw materials and manufactured goods as well Export: manufactured goods, fuels, chemicals (medicines), food, beverages and tobacco while it imports food, raw materials and manufactured goods as well

Finance & Currency Largest financial capital in the world after USA and Japan Largest financial capital in the world after USA and Japan The most important insurance company is Lloyds The most important insurance company is Lloyds London Stock Exchange: the English Wall Street London Stock Exchange: the English Wall Street Currency: Pound Sterling (£) Currency: Pound Sterling (£)