The United Kingdom of Great Britain and Northern Ireland Unit 5 The UK Economy DIEU ET MON DROIT A
The United Kingdom of Great Britain and Northern Ireland Unit 5 The UK Economy
Quiz Give the English and a brief explanation for the following: ·第三产业 ·国内生产总值 ·世界贸易组织 ·伦敦证卷交易所 ·北大西洋公约组织
Give the English and a brief explanation for the following: • 第三产业 • 国内生产总值 • 世界贸易组织 • 伦敦证卷交易所 • 北大西洋公约组织 Quiz
Focal Points An overview of the UK economy The recent history of the UK economy causes for the relative decline a bad period in the 1970s an extensive programme of privatization in the 1980s The main sectors of the UK economy primary industries second industries tertiary industries Case study:the aerospace industry
Focal Points • An overview of the UK economy • The recent history of the UK economy - causes for the relative decline - a bad period in the 1970s - an extensive programme of privatization in the 1980s • The main sectors of the UK economy - primary industries - second industries - tertiary industries • Case study: the aerospace industry
The Unit Is Divided into Four Sections I.An Overview of the UK Economy II.The Recent History of the UK Economy III.The Main Sectors of the UK Economy IV.Case Study:the Aerospace Industry
The Unit Is Divided into Four Sections I. An Overview of the UK Economy II. The Recent History of the UK Economy III. The Main Sectors of the UK Economy IV. Case Study: the Aerospace Industry
I.An Overview of the UK Economy The sixth largest economy in the world with GDP of $2645 billion(2010); Member of G7,G8,G20 major economies; Member of the World Trade Organization; Leading global trade nation; The 4th largest exporter in the world and the 4th largest importer in 2013; The 10th largest exporter and 6th sixth largest importer of merchandise (2007)
I. An Overview of the UK Economy • The sixth largest economy in the world with GDP of $2645 billion (2010); • Member of G7, G8, G20 major economies; • Member of the World Trade Organization; • Leading global trade nation; • The 4th largest exporter in the world and the 4th largest importer in 2013; • The 10th largest exporter and 6th sixth largest importer of merchandise (2007)
II.The Recent History of the UK Economy Absolute decline of the UK economy:Britain used to be second only to the United States in the international economy and dropped to the sixth,which indicates some sort of absolute decline Relative decline of the UK economy:from 1945 until the present, Britain is usually thought of as one of relative decline.In fact,it has been a period of steady economic growth and rapidly increasing living standards.It remains one of the Group of Seven large industrial economies.It became more wealthier and more productive than it was in 1945,but other countries developed more rapidly
II. The Recent History of the UK Economy • Absolute decline of the UK economy: Britain used to be second only to the United States in the international economy and dropped to the sixth, which indicates some sort of absolute decline. • Relative decline of the UK economy: from 1945 until the present, Britain is usually thought of as one of relative decline. In fact, it has been a period of steady economic growth and rapidly increasing living standards. It remains one of the Group of Seven large industrial economies. It became more wealthier and more productive than it was in 1945, but other countries developed more rapidly
II.The Recent History of the UK Economy .Causes for the relative decline: heavy debt to finance the war; the end of the British Empire; burden with the huge military expenditure; lack of the investment in modern equipment and new products
II. The Recent History of the UK Economy • Causes for the relative decline: - heavy debt to finance the war; - the end of the British Empire; - burden with the huge military expenditure; - lack of the investment in modern equipment and new products
The UK Had Gone Heavily into Debt in Order to Finance the War 1941 Eton College in London was British infantry land in Normandy bombed during WWⅡ
The UK Had Gone Heavily into Debt in Order to Finance the War 1941 Eton College in London was bombed during W W II. British infantry land in Normandy
India Gained Its Independence in 1947 Indian Independence Day
India Gained Its Independence in 1947 Indian Independence Day
Britain Still Maintains an Expensive Military Presence Overseas British Army Apache helicopters were deployed in Libya to aid the rebel cause
Britain Still Maintains an Expensive Military Presence Overseas British Army Apache helicopters were deployed in Libya to aid the rebel cause