Sunday, January 26, 2014

Explain why the manufacturing sector in the British economy has declined since 1979? What steps are currently being taken by the government to arrest this decline?

Since the industrial revolution manu incidenturing has been a vital component of the British economy. In the nineteenth century the UK was the worlds largest manufacturer, however, in the last deflower geezerhood Britains sh be of the worlds manufacturing output has decline in qualityd, a decline which has by chance been more apparent everyplace the last thirty years than before. There are some(prenominal) theories as to why manufacturing in the UK has suffered so badly, one of which is the maturity Thesis. One aspect of this possibility draws attention to the fact that Britain, as the worlds oldest industrial economy, is experiencing a cling in manufacturing so that capital and labour can be redirected to service industries which are demanded more today. This shift in the economy from secondary to tertiary draws parallels with the movement from primary to secondary industries experience in the 18th and nineteenth centuries . It is argued that as society demands more f rom the service sector, for typesetters case; childcare and cleaning services, the manufacturing sector will decline. Table 1.0: Changes In Industrial Employment Source: Griffiths and Wall p 11 Analysing the data in table 1.0 the evidence supporting the maturity thesis does not appear to be too strong. turn some alter countries such as Austria, Belgium, France, Italy, Norway, Sweden, and Switzerland experienced fall in industrial employment similar to those experienced in the UK, other alter countries such as Canada, the USA, Japan, Germany, and the Netherlands withstand not followed the theory, and have in truth experienced rises in the level of employment in industrial industries. Furthermore, it is the economicalally stronger countries like the USA, Germany and Japan that have experienced increases, this suggests that the decline in manufacturing in the UK is not payable to an inevitable economic processes like economic maturity. Another favourite theory accounting f or Britains decline... ! If you deprivation to get a all-encompassing essay, order it on our website:

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