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:
ΓÇó to the state
ΓÇó to society
ΓÇó 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?
