Regional Investment: Competition sharpens up the bidding

1	Give four reasons why Britain has experienced the problem of regional 		decline.

2 	What policies has the British Government used to reduce the problems 		caused by regional decline?

3 	One of the principal objectives of regional policy is to reduce 				unemployment. Unemployment has a cost:
	• to the state
	• to society
	• to the individual, creating inequality.
	Produce a brief report outlining the costs of unemployment using the above 	headings.

4 	It has been suggested that a subsidy of £25,000 has been paid for each new job 	created by Lucky Goldstar. Discuss whether the payment of a subsidy is 		likely to create jobs or merely attract footloose industries.

5 	What motive might Japanese and Korean firms have for building 			production units in the United Kingdom?

6 	The jobs created by Lucky Goldstar will provide additional incomes for the 	local community. The subsequent spending should create additional 		incomes. What term is given to this process?