Note that your final mark will not be saved in the system.
Why are places and people changing in the UK? Typeit
Type the correct answers into the spaces. Fill all the spaces before clicking ‘Check Answers!’
The UK is an example of a country that has experienced . This is where factories that manufacture products have closed down in the domestic market. A lot of TNCs in the UK their manufacturing. This is where production is moved to factories in other countries, usually emerging countries and sometimes developing countries. This effect has left some parts of the UK experiencing economic . These areas tend to be more concentrated in the north of the country, and this is part of what is referred to as the north-south . Some areas in the UK have tried to encourage or regeneration, whereby areas that were once industrial hubs have been either rebuilt or repurposed for new uses such as shopping quarters, cafes, museums, offices and houses. Some areas are at risk of , whereby locals are priced out of the area due to increasing house prices and rent. This often gets criticised as it can erase local cultures and cause the displacement of many people. Many people are calling for areas in decline to be developed in a manner, to ensure that local cultures, people and the environment are protected.
The UK has taken advantage of globalisation - for example, by developing an extensive Internet and telecommunications system - and welcomes in businesses such as TNCs. For example, there are many hi-tech multinationals that have arrived in the UK, in places like the M4 corridor, Silicon Fen and formerly Silicon Glen in Scotland. Examples of TNCs include campuses for , the creator of the Windows operating system, and the controversial Chinese communications company Huawei. The UK also headquarters TNCs, including the oil company that we abbreviate to two letters - . Many sectors, once run by private companies, were controlled by the government starting in the 1940s. This included the Bank of England, steel, coal and railways. We call this process . Nowadays, many of these companies are owned once again by private companies - this was a key policy of Thatcher's Conservative government in the 1980s.
Both privatisation and trade policies without tariffs, called trade, have helped increase the number of TNCs operating in the UK, and have led to direct investment, also helping boost the UK's economy.