Answer to Question #68828 in Microeconomics for Matas
What is the nature of the UK regional problem and why do the policies used to address it seem to have failed?
The UK regional problem is explained by the significant differences of economic development in its regions. While southern part of UK appears to be one of the most powerful centers of the world economic activity, northern regions struggle because of high unemployment. By now political attempts to solve this issue only led to discussions of Scotland’s independence and a decision to leave EU (voted on referendum in 2016).