Economic Essay Example | Topics and Well Written Essays - 1500 words - 16

Economic - analyse ExampleThe HS2 rail line system would be a great investiture for the United Kingdom (Cowen, 2011).Since the rail line line will run from London to Leeds and then Manchester, it would ease congestion on Britains railway line. However, critics of the interprets argue that high-speed railway would not benefit the country accordingly because of the price tag. Despite the opposition, it is apt to argue that the HS2 project is a necessity in Britain. Given enormous growth in freight and passengers, the new line would help ease these problems. Having high-speed railway line in Britain would blind drunk expansion and growth of areas outside London. As discussed in the paper, the HS2 railway line would contribute a lot to the economy of Britain. The benefits of the projects justify the revised costs given its long-term investment (Nash, 2010).The high-speed railway line in Britain will open up the region and in turn encourage affair among European nations. This pro ject means that Britain has embarked on expanding its international trade, taking advantage of the newly competitive flip-flop rate to penetrate new markets. It will encourage new foreign investments, expand and ameliorate its tourism industry and improve the education and skills base to continue providing a platform for new employment. In addition, downstairs the Economic Recovery Plan of Britain, the government with the new project will appreciate the role of the unrestricted sector in economic growth. The project has also mobilized a variety of cross-public activities, which are aimed at financial support the Scottish economy through the effects of the global recession (Nash, 201).With the aim of escalating economic recovery in the Northeast England, the approval of the High-speed railway will encourage competition among firms in Northeast England. The project will aim at making the Northeast region a more cohesive, ambitious, and attractive for investment and working based o n