2. The U.K Economy Main contents: 1. The decline after WWII 2. Recent history 3. Current situation 4. Case study

3. 1.The decline The decline is relative,not absolute (compared with the rapid development of other countries) The reasons for the decline: external reasons: 1. War debts 2. Independence of its colonies 3. Military expense 4. affected by its past,slower than new economy 5. Lack of investment

4. 2. Recent history Deterioration under Labor Party rule in 1970s Radical reforms of Mrs. Thatcher in 1980s and early 1990s Becoming better after that

5. 3.current situation The three main areas: Primary industry secondary industry tertiary industry

6. 3.1 Primary industry Agriculture small but efficient major produces: wheat&barley cattle&sheep fishing industry 55% demands Scottish ports Energy industry coal mining offshore oil

7. 3.2 secondary industry Accounting for 22% of national wealth Main sectors: 1. Pharmaceuticals 2.Chemicals 3. Aerospace 4.food &drink 5. Electronics 6. Car industry

8. 3.3 tertiary industry A spectacular increase Accounting for 65% of national wealth Main sector: 1. Retailing 2. Tourism 3. Export services 4. Financial services

9. 4. Case study Early development in aerospace industry before WWII,its prominent in aircraft,engines&aviation electronics Competition with the U.S Cooperation with other European nations