文档介绍：Chapter 12 Domestic Economy
November 2005
Xiao Huiyun
A1 Introduction
Britain’s ‘mixed economy’– an economy in which there is some public ownership as well as privately owned business
During the 20th cent. the government has e involved in the economy through introduction of social welfare policies and laws to regulate industrial relations
In 1945 to ensure full employment, labour govern. began to nationalise key industries such as coal, steel and transport.
A 1 Introduction cont changing of winds
By the end of the 1970’s Margaret Thatcher had started to sell back those industries to the private sector, to beat inflation, which was her primary objective.
“ In politics if you want anything said, ask a man. If you want anything done, ask a woman” Margaret Thatcher
A 2 Natural Resources & Infrastructures
Highly developed & efficient main road and work and airports-- excellent infrastructure pp 203-204
Natural resources
Principal resources at present -- oil and gas in the North Sea, on the coast of Scotland
Large amount of coal, but has been kept for future use
Manufacturing still playing important role
Services, industries such as chemicals, electronics, etc all doing well, important parts of British economy
A 3 Finance
Importance of institutions of City of London cannot be over-emphasised
known as the world’s leading international financial centre
Over 550 international banks and 170 global securities houses have offices in London
BANKING
A 3 Finance
FOREIGN EXCHANGE
The London foreign exchange market is the largest in the world, with daily turnover of $504bn in April 2001, accounting for 31% of global turnover, more than New York and bined.
A 3 Finance
London is the world's largest fund management centre, with $2,460bn of institutional equity holdings in 1999. Assets managed in the UK on behalf of domestic and overseas clients totaled over £2,800bn in 2000. London is the leader in the management of overseas clients non-domestic portfolios.
FUND MANA