What Was The Role Of Globalization In America
The 20th century of Tyne and Wear region was the time period of gold. It was famous because of the coal making, shipbuilding, and iron industry. Those heavy industries brought a fast economic growth and urbanization. The boom period of the 1950s saw unemployment levels as low as three percent (Robinson, 1988).
However, this golden period came to an end due to the globalization, cheaper imports of oil and competition from foreign companies. Between 1950 and 1970 over one hundred coal mines were closed throughout the North East and deindustrialization of the region began (Middleton and Freestone, 2008). It caused thousands of unemployed workers and huge impact to the local economy.
To facing this problem, UK Government uses the strategy of culture-led
However, this golden period came to an end due to the globalization, cheaper imports of oil and competition from foreign companies. Between 1950 and 1970 over one hundred coal mines were closed throughout the North East and deindustrialization of the region began (Middleton and Freestone, 2008). It caused thousands of unemployed workers and huge impact to the local economy.
To facing this problem, UK Government uses the strategy of culture-led