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Published byHarry Barton Modified over 8 years ago
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The U.K Economy Main contents: 1. The decline after WWII 2. Recent history 3. Current situation 4. Case study
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1.The decline The decline is relative,not absolute (compared with the rapid development of other countries) The reasons for the decline: external reasons: 1. War debts 2. Independence of its colonies 3. Military expense 4. affected by its past,slower than new economy 5. Lack of investment
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2. Recent history Deterioration under Labor Party rule in 1970s Radical reforms of Mrs. Thatcher in 1980s and early 1990s Becoming better after that
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3.current situation The three main areas: Primary industry secondary industry tertiary industry
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3.1 Primary industry Agriculture small but efficient major produces: wheat&barley cattle&sheep fishing industry 55% demands Scottish ports Energy industry coal mining offshore oil
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3.2 secondary industry Accounting for 22% of national wealth Main sectors: 1. Pharmaceuticals 2.Chemicals 3. Aerospace 4.food &drink 5. Electronics 6. Car industry
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3.3 tertiary industry A spectacular increase Accounting for 65% of national wealth Main sector: 1. Retailing 2. Tourism 3. Export services 4. Financial services
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4. Case study Early development in aerospace industry before WWII,its prominent in aircraft,engines&aviation electronics Competition with the U.S Cooperation with other European nations
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