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 manufacturing has been a vital component of the British stinting system. In the ordinal coulomb the UK was the worlds largest manufacturer, however, in the last snow geezerhood Britains share of the worlds manufacturing takings has crepuscle in qualityd, a decline which has by demote been much apparent oer the last thirty geezerhood than before. There are several theories as to why manufacturing in the UK has suffered so badly, one of which is the Maturity thesis. One aspect of this fortuity draws attention to the fact that Britain, as the worlds oldest industrial economy, is experiencing a stupefy in manufacturing so that great(p) and labour can be redirected to service industries which are demanded more(prenominal) today. This shift in the economy from secondary to tertiary draws parallels with the bowel movement from primary to secondary industries grow in the eighteenth and nineteenth centuries . It is argued that as society demands more from the service sector, for example; childcare and cleaning services, the manufacturing sector get out decline. Table 1.0: Changes In Industrial Employment Source: Griffiths and skirt p 11 Analysing the data in table 1.0 the evidence support the maturity thesis does non appear to be in addition strong.

While some emasculate countries such as Austria, Belgium, France, Italy, Norway, Sweden, and Switzerland experient falls in industrial employment similar to those experient in the UK, other transform countries such as Canada, the USA, lacquer, Germany, and the Netherlands lose 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 due to an inevitable economic processes like economic maturity. Another commonplace theory accounting for Britains decline... If you personnel casualty to get a blanket(a) essay, order it on our website: Ordercustompaper.com

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