4.A Places are influenced by a range of players operating at different scales Flashcards
The role of players in driving economic change (local government)
Medellin Colombia - ones synonomus for crime transformed the city with social urbanism
Developing the Metrocable system, linking disadvantaged communities to employment opportunities.
Establishing public libraries and educational centers to enhance human capital.
Investing in innovation districts like Ruta N, fostering technology and entrepreneurship.
The role of players in driving economic change (National Goverment)
HS2 and the UK goverment
- Regional Economic Growth and Levelling Up
HS2 is designed to connect London, the Midlands, and the North, reducing travel times and making northern cities more attractive for business and investment.
Supports the government’s Levelling Up agenda, aiming to reduce economic disparities between London and other regions.
2. Job Creation and Skills Development
Expected to create over 34,000 jobs during construction and support thousands of new roles in rail, engineering, and construction.
Includes investment in apprenticeship programs, providing skills training in high-demand industries.
3. Business and Investment Opportunities
Cities along the HS2 route, like Birmingham, Manchester, and Leeds, have seen increased business investment, with companies relocating headquarters and offices to take advantage of better transport links.
The Curzon Street Station in Birmingham is set to become a business hub, attracting commercial and real estate development.
The role of players in driving economic change(MNCs)
Dublin, Ireland
Foreign Direct Investment (FDI) and Economic Growth
Following Brexit many firms relocated european headquarters away from the UK due to uncetainty.
Dublin - primary langugage English - same as USA - no language barrier - and still proximity to european market
MNCs bring capital investment into countries, boosting local economies.
Example: Apple, Google, and Intel’s investments in Ireland have turned Dublin into a European tech hub.