Economic Systems and Development
Key topics <ul><li>Economic Systems </li></ul><ul><li>Development </li></ul><ul><li>Toyota as an example of a system – inp...
Toyota case study! <ul><li>INPUTS </li></ul><ul><li>580 acre site </li></ul><ul><li>Communications – A60, M1, A38; East Mi...
Regional Economic Change: S Wales <ul><li>1960-1980 </li></ul><ul><li>New technology couldn’t be used in the narrow coal s...
The impact of TNCS <ul><li>Positive  </li></ul><ul><li>Negative </li></ul><ul><li>Brings employment opportunities </li></u...
 
Upcoming SlideShare
Loading in …5
×

Economic Systems And Development

3,866 views
3,687 views

Published on

Published in: Technology, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
3,866
On SlideShare
0
From Embeds
0
Number of Embeds
556
Actions
Shares
0
Downloads
35
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Economic Systems And Development

  1. 1. Economic Systems and Development
  2. 2. Key topics <ul><li>Economic Systems </li></ul><ul><li>Development </li></ul><ul><li>Toyota as an example of a system – inputs, processes & outputs </li></ul><ul><li>Regional economic change </li></ul><ul><li>TNCs – pros & cons </li></ul><ul><li>Contrasting regions in Brazil & Japan </li></ul><ul><li>Factors affecting the location of industry </li></ul><ul><li>Primary, secondary, tertiary </li></ul><ul><li>Measuring development </li></ul><ul><li>Improving quality of life by aid and investment </li></ul><ul><li>Tourism as a route to development </li></ul>
  3. 3. Toyota case study! <ul><li>INPUTS </li></ul><ul><li>580 acre site </li></ul><ul><li>Communications – A60, M1, A38; East Midlands & Birmingham Airports; rail link at Derby; port at Hull </li></ul><ul><li>2900 workers live within 30 mins of site </li></ul><ul><li>Burnaston employs 2481 </li></ul><ul><li>Environment – Peak District nearby; sports facilities </li></ul><ul><li>Capital - £700m investment by Toyota </li></ul><ul><li>Government investment – Derbyshire County Council put in £20m </li></ul><ul><li>Energy and services </li></ul><ul><li>PROCESSES </li></ul><ul><li>Assembling components to produce Carina E and Corolla models </li></ul><ul><li>Painting cars </li></ul><ul><li>Testing cars </li></ul><ul><li>Research and development </li></ul><ul><li>OUTPUTS </li></ul><ul><li>200 000 cars produces each year at the Burnaston plant ready for sale across the EU </li></ul><ul><li>Profit made by Toyota from the sale of the cars </li></ul>
  4. 4. Regional Economic Change: S Wales <ul><li>1960-1980 </li></ul><ul><li>New technology couldn’t be used in the narrow coal seams of the Welsh valleys. </li></ul><ul><li>Pits elsewhere could produce more coal at lower prices & Welsh mines became uneconomical. </li></ul><ul><li>Local supplies of limestone & iron ore began to run out so had to be imported for steelworks </li></ul><ul><li>1970s and 80s – world recession led to fall in demand for steel </li></ul><ul><li>Overseas producers e.g Brazil & S Korea could produce steel more cheaply </li></ul><ul><li>Lack of raw materials, declining market & overseas competition led to closure of many mines & steelworks in the valleys </li></ul><ul><li>Remaining steelworks relied on imported raw materials so new steelworks were built near the ports of Port Talbot & Llanwern. </li></ul><ul><li>1990 - 2000 </li></ul><ul><li>Closure of mines had negative economic and social impacts stemming from unemployment which the government tried to tackle. </li></ul><ul><li>Valley given assisted area status to give new firms grants for building, machinery & training. </li></ul><ul><li>Welsh Development Agency set up to attract new industries through advertising </li></ul><ul><li>European Regional development Fund has invested in site provision, training & access, including an extension to the M4 </li></ul><ul><li>Transport also improved by construction of a second bridge over the River Severn </li></ul><ul><li>Industrial estates built offering low rents, good communications and new modern buildings at Swansea, Port Talbot, Newport & Bridgend. </li></ul><ul><li>New firms attracted include Sony at Bridgend and AIWA hi-fi & CD factory at Newport </li></ul>
  5. 5. The impact of TNCS <ul><li>Positive </li></ul><ul><li>Negative </li></ul><ul><li>Brings employment opportunities </li></ul><ul><li>Workers have opportunities for education & training </li></ul><ul><li>Brings new technologies </li></ul><ul><li>Develops export market </li></ul><ul><li>Profit often sent to country where TNC is based (usually an MEDC) </li></ul><ul><li>Environmental effects </li></ul><ul><li>Potential for exploitation of workers </li></ul>

×