A3 Steep Analysis

Impact of the MKSM Growth Area on the West Midlands abstract APPENDIX 3: suck ANALYSIS 1.1 INTRODUCTION In addition to the rigorously economic drivers discussed in the previous section, it is important to understand that on that point are a number of otherwise social, technological economic, environmental and public policy drivers that allow exert influence everywhere both the South East and the West Midlands regions. This section of the overcompensate provides an analysis of these drivers and their implications for future reaping in both regions. The STEEP framework (Social, Technological, Economic, Environmental, Political) is used to assess the impacts of the drivers of change. Some of the drivers are region-specific, whilst others (such as welfare reform) are driven by Central government activity Policy, will have an impact on all areas of the UK. 1.2 1.2.1 cordial DRIVERS Demographics South East - The region is currently home to over 35% of Britains population and is generally considered to be passing prosperous. Between 1997 and 2003 the region not only experienced the highest growth in GVA per head and had the best performing labour market, still was also the region with the lowest proportion of its population reinforcement in the most deprived areas.

However, a significant argufy facing the South East economy over the following decade is the demographic shift towards older eld groups, predicted to go on a result of the average increase in life expectancy. Such a demographic shift means a demoralise proportion of the population are of working age and hence fewer are economically active. If a lower proportion of the population are economically active and other factors in the region remain unchanged, there could be major(ip) implications for the competitiveness of the region and the ability of the economy to expand. In 2007 for the low gear time, more people in the South East will retire than enter the labour market from school or University. By 2014 the gap is predicted to widen rapidly. Growth in population... If you destiny to get a full essay, order it on our website: Ordercustompaper.com

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