Describe and explain the development of one of the following economic activities with reference to a developed economy that you have studied: - Tourism - Financial services - Service and footloose industries. - Leaving Cert Geography - Question 7B - 2019

Tourism in the United Kingdom has developed significantly over the decades. It benefits from a rich historical heritage, diverse cultural offerings, and natural landscapes. Notable attractions include iconic landmarks such as the Tower of London, Buckingham Palace, and the scenic countryside of the Cotswolds.

In recent years, the UK government has invested in tourism infrastructure, enhancing transport links and promoting tourism campaigns like 'Discover England'. As a result, international tourist arrivals have increased, contributing substantially to the economy. The tourism sector not only provides jobs but also stimulates local businesses through increased demand for transport, accommodation, and food services.

The financial services sector in the United Kingdom, particularly in London, is one of the largest in the world. London is known as a global financial hub, hosting a multitude of banking institutions, investment firms, and insurance companies.

Post-2008 financial crisis, the UK has seen reforms and innovations aimed at enhancing regulation and stability. The rise of fintech companies has also revolutionized financial services, making operations faster and more accessible. This sector provides immense employment opportunities and contributes significantly to GDP, illustrating its vital role in the national economy.

Service industries in the United Kingdom have expanded dramatically, shifting the economy from traditional manufacturing to service-based sectors such as healthcare, education, and IT. The rise of technology has facilitated the growth of footloose industries, which are not tied to specific locations and can operate anywhere with efficient communication and transport infrastructure.

Cities like London, Manchester, and Birmingham serve as major hubs for these industries. They benefit from a skilled workforce and a concentration of resources. Government policies that encourage entrepreneurship and innovation play a crucial role in the ongoing development of these sectors.