Recent Economic Changes in Wales
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- 523
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- Wed Aug 27 2008
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Have a little read: ... In the 19th century South Wales was an up-and-coming region because of its fast flowing rivers, which provided power and transport, its flat land and ample water supply, however the largest factor in its success was the high quality coal and iron ore available in the valley and hills there. The area was quickly populated and the oil and iron dug up and turned into steel at newly built steelworks. However, much has changed since then and now I do not believe there is a single working steelworks in the whole southern Wales region. Nowadays South Wales is home to many different companies, the majority of which is electrical. Many multinational companies now locate in Wales, such as Sony, Sharp and LG. These companies are all service/tertiary industries while in the past it was largely secondary industry in the many steel industries and abundant coal mines such as the Celynen South
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