The UK still likes to think of itself as a powerful country but it has a debt crisis that is worse then the Greek are facing while their spending is far higher and with a "need/want" to defend pieces of land on the other side of the globe. Yes, the Falkland conflict is back and the UK just had to sell of half its fleet but don't worry, they shall never be slaves or something.
The UK believed for a long time that the country side need not be ruined by efficient farms, the real food production could be shifted offshore and manufacturing followed soon after. The country that started the industrial revolution (according to the brits and who is going to doubt them) is now an industrial reject. Does it really matter if a sailing nation has its port cranes and ships made in China? No, surely not, all those workers can find different jobs, in service industries... any day now... jobs are bound to arrive in Manchester and Liverpool to replace those dirty smelly jobs with nice burger flipping and insurance sellling jobs... just give it a decade or two more, they already been waiting for half a century so a bit more can't hurt.
The economy is like a jenga puzzle with a time delay build in, so you start pulling blocks and think, wow I can remove whole sections and the tower doesn't fall over so it must be okay... and then the time delay kicks in and BOOM, it all comes crumbling down.
Take the Apple/Foxconn boycott discussion below, some posters actually excuse Apple for doing this because there are no factories left in the west that can do this kind of production... they might be right... so they are defending outsourcing as the right thing to do because outsourcing ripped production capacity that once existed from the west... godwin be damned but the nazi's put jews in ghetto's and then used the fact that jews lived in ghetto's as justification for the holocaust.
To far? The same story ALSO had people supporting Apple by saying that American workers no longer had the skills for that type of work... so you remove the jobs and then claim that since no Americans are doing those jobs, they can't do them anymore... NICE!
The UK still invents stuff but if someone then wants to produce it, China is the place to go and what is produced in China is copied in China. The top talent certainly still exists but the support base is gone. It can still be found in isolated places, that metal shop that can produce any spare part just from looking at the broken parts. That painter who can restore a 500 year old house... I seen them work. They are old men, old men working alone because nobody young takes it up anymore. But these are the kind of people that once could have produced the first steam engines, or build rocket engines from scratch. The Space Shuttle had plenty of production line work, just with workers who through the years became really good at their individual tasks. Now they are gone. Some retired, some finding other work but their skills are lost and no new kids are replacing the old farts, learning on the job.
The problem is that the economy is to fragile and small changes take to long to show their effect to leave it to the market. Or for that matter to politicians who can only see to the next election. There is a reason high speed trains were neither a commerical NOR a political project but rather the work of civil engineers. Goverment workers who could see beyond the next quarter and the next election and look for the long term benefits.
Leave it up to business or the politicians and you get Amtrak and British Rail... both disasters. A businessman asks"does it make a profit next yet" and public rail is about how it benefits the entire country (make the workforce more mobile, relieve congestion on the roads) not pure profit margins. The politician asks "if we delay maintence now, can I offer a tax cut to my voters" and that happens then for 2 decades until people start dying.
Move the factory and you can not longer produce locally, the workers will loose the skills and kids will seek
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I?m sorry, but where in this info graphic does it exactly tell you ?how to harness the power of Social Media?? It?s pretty, but doesn?t exactly tell me how to do this for my business. And, each vertical is different (say, automotive manufacturers vs. financial services)