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Outline the evidence presented in the data which suggests that the UK has lost international competitiveness in recent times.
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The UK's International Competitiveness 1.) Outline the evidence presented in the data which suggests that the UK has lost international competitiveness in recent times (10 marks) As figure 97.11 shows, there was an overall decline in employment in tradable goods and services in all regions of the UK apart from the South West, South East and East Anglia. The tradable goods and services included agriculture, mining, manufacturing, external financial and business services and the armed forces. With the index being 100 in 1971, employment in tradable goods and services decreased to 85 by 1988. This then rose to 87 in 1992 but then fell again to 81 in 1998. So overall employment in tradable goods and services fell by about 19. However, there was also a decline in employment in non-tradable services. During 1971-1998 the graph shows fluctuations but the decline was not as dramatic as tradable goods and services as overall...
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