1112197217-The UK’s Economic Performance

1112197217-The UK’s Economic Performance -...

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UK’s Economic 1 Running head: HAS THE UK’S ECONOMIC DECLINE BEEN REVERSED? Has The UK’s Economic Decline Been Reversed? What Role Has Economic Policy Played in The UK’s Economic Performance? [Author’s Name] [Institution’s Name]
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UK’s Economic 2 Has The UK’s Economic Decline Been Reversed? What Role Has Economic Policy Played in The UK’s Economic Performance? Great Britain has had to face new challenges over the last three decades. The continued loss of employment and population, the flight of manufacturing and the rise in social and environmental problems have posed major enigmas for managers and those who seek to shape and influence the country's cities. The complexity and apparent intractability of the difficulties have been matched by an array of policy initiatives, programmes, and projects pursued by a plethora of agencies and actors. In the UK, the role of the city has become questioned for the first time since their rapid growth during the industrial revolution. At the heart of this reassessment are two issues. First, the unique spatial characteristics of areas are being threatened as modern capitalist society enjoys greater levels of personal mobility and distances are reduced as a result of innovations in telecommunications. Secondly, there is a debate about the nature of local versus global forces and the scope of specific localities to shape or determine modernising forces which seem so overwhelmingly predominant. Britain was once regarded as the 'workshop of the world'. Such a description has long been consigned to history. When it was used this phrase meant that Britain was renowned for being a centre of manufacturing, producing goods that were traded throughout the world. Particular places within Britain were seen as being centres of world-class excellence in different kinds of manufacturing. The West Midlands, for example, traditionally the second richest region in Britain after the South East, was renowned for engineering products, particularly the production of motor cars and car components. Sheffield, the birthplace of stainless steel, was also a city associated in the popular consciousness with great industry-steel, steel products, and
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UK’s Economic 3 cutlery, particularly-but, paramountly, with quality. The belief, and the actuality, was that a product stamped 'Made in Sheffield' would be a quality product. Other places, too, could lay claim to a place in this pantheon of great industrial glory: Clydeside and the North East of England with shipbuilding; South Yorkshire, Nottinghamshire, and South Wales, with coal; Lancashire and the East Midlands with textiles and clothing; some places-Hertfordshire, the North West-with defence and aircraft manufacture. It is also a commonplace to state that this world of global leadership in manufacturing has
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1112197217-The UK’s Economic Performance -...

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