The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.
In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.
While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services.
The Proclamation Line of 1763 was a British-produced boundary marked in the Appalachian Mountains at the Eastern Continental Divide. Decreed on October 7, 1763, the Proclamation Line prohibited Anglo-American colonists from settling on lands acquired from the French following the French and Indian War.
Buenos Aires y Sao Paolo controlan la economía de sus respectivos países, además son las mas pobladas de sus res lectivos países. Rosario y Asunción son ciudades grandes e importantes que mueven sus exportaciones por rio Córdoba y Brasilia, ciudades importantes en distintas maneras, pero se ubican en el centro de sus países Punta Arenas y Ushuaia, las ciudades más al sur de sus países respectivos Salta y Tarija, sus culturas son muy parecidas y su importancia en sus países también
