Block 5 (The Service Economy - Tertiary- And Its Social And Economic Impacts) Flashcards
Have all central urban areas seen decline?
No - some have seen expansion in retail, commerce and entertainment
What attracts businesses and people to inner city areas (aside from gov schemes)?
Businesses can be attracted by... - Agglomeration/proximity - Highly qualified labour pools People/customers can be attracted by... - Accessibility Both attracted by... - Gentrification
Define agglomeration
Spatial concentration of economic activities in cities
How can agglomeration attract businesses to inner city?
- Benefit from the collaboration of the highly skilled workforce (knowledge spillover)
- Benefit from shared facilities/tech
How can highly qualified labour pools attract businesses to inner city?
- Central areas attract graduates from city unis
- Graduates are skilled and seeking available employment nearby
- E.g. 36% workforce in Cambridge come from Cambridge Uni
How can accessibility attract customers to inner city areas?
- Inner city is closer and has better public transport links (particularly good for lower income people, who may not have car)
How can increased affluence cause inner city expansion?
- Higher incomes facilitate regeneration through gentrification
- Tourism becomes popular, forcing services to develop in city to provide
How can increased affluence cause decline in inner city areas?
- More likely to have cars, so drive to out of town shopping centres with cheaper parking
How can increased technology cause expansion in inner city areas?
- Increased tech increases the quaternary industry, which increases affluence (more gentrification + tourism)
How can increased technology cause decline in inner city areas?
- Internet shopping decreases footfall + popularity of ‘in person’ shopping
- Increased transport tech means more people have cars to drive out of town
How is the shift towards wanting leisure (over consumption) impacting the inner city?
Causing more entertainment and less retail in inner city
Define gentrification
A process of regeneration carried out by individuals (not governmental schemes)
- one of the causes of retail, commerce and entertainment expansion in inner cities
Outline the process of gentrification
- Urban pioneers (tolerate inner city) move into most deprived areas
- Urban pioneers help to redevelop/‘fix up’ properties
- Property prices increase + locals are ‘priced out’
- Wealthy new demographic demand greater services, so businesses change to provide
- Newly available services make property prices rise even higher, forcing out remaining lower income earners
Who are urban pioneers?
- People who can tolerate inner city
- Often young people, wanting to save time + money
- Attracted to: proximity to jobs + services, cheap property
What are the effects of gentrification?
Demographic…
- Increased proportion of high income residents
- Decreased proportion of low income residents (often ethnic minorities + working class)
- Av household size decreases (new residents often young)
Social/cultural…
- Change in services + events to cater for wealthy (e.g. Races)
Economic…
- Increase in rents/home prices
- Increase in offices/expensive entertainment
- Increase in tertiary + quaternary employment (young, wealthy, skilled)