Block 6 (The 21st Century Knowledge Economy - Quaternary - And Its Social And Economic Impacts)

Question 1

What percentage of the UK work in the tertiary sector?

Answer 1

81%

Question 2

What sector is the quaternary sector included in?

Answer 2

Tertiary sector

Question 3

Define quaternary sector

Answer 3

Industries providing information services (e.g. IT and R+D)

Question 4

What is the quaternary sector also known as?

Answer 4

Knowledge economy

Question 5

What are the aspects of the quaternary sector we look at and the examples we use?

Answer 5

• Education - Oxford
• Research - Surrey Research Park
• Culture/creative industries - New England Street, Brighton
• Digital/IT - East London Tech City
• Science - Newcastle Helix Science Park
• Biotechnology - Cambridge Science Park

Question 6

Define biotechnology

Answer 6

The exploitation of biological processes for industrial + other processes

Question 7

Define quinary sector and give example

Answer 7

• Most advanced sector within the quaternary sector

- E.g. Cambridge Triangle

Question 8

What factors attract the quaternary sector clusters?

Answer 8

• Proximity to highly skilled workforce (e.g. from a Uni)
• Proximity to technology (e.g. from a Uni)
• Transport links
• Gov encouragement (e.g. tax incentives, grants)

Question 9

What arrangement does the quaternary sector make across the country?

Answer 9

Clusters

Question 10

What are some generic positive impacts of the quaternary sector?

Answer 10

• Push for higher education (to get jobs)
• Increased nationwide economy
• Technological breakthroughs (e.g. cures) + advancements (e.g airport)
• Great opportunities for uni grads
• Increased status/respectability of the area

Question 11

Give an example of a quaternary industry that has positive impacts

Answer 11

Digital/IT

• £161 bill /yr
• 1.56 mill employees
• Well paid for individuals (av £50,000)
• Growing fast (3x faster than av)

Question 12

What are some generic negative impacts of the quaternary sector?

Answer 12

• Reduction in traditional class mobility (jobs inaccessible to the unskilled, unqualified)
• Overheating in clusters

Question 13

What process can quaternary clusters stimulate in an area?

Answer 13

Gentrification

• Young, high earning uni grads move in
• Others priced out
• Facilities improve