Canary Wharf Flashcards
What is the Canary Wharf known for?
Changes in function from industrial to administrative
What is a significant economic characteristic of Canary Wharf?
Very high wage income
What type of jobs are prevalent in Canary Wharf?
High-skilled jobs
What was the impact of the decline in the Docklands?
12,000 people losing their jobs and 200,000 people moved away from the area
What does the phrase ‘nigny ancipier pramation’ refer to?
Due to LDD creating an enterprise zone
What is a notable infrastructure feature in central London?
Large airport
What has increased connectivity and influence from other countries?
Transport
What do TNCs allow that improves the economy?
Foreign Direct Investment (FDI)
What does FDI stand for?
Foreign Direct Investment
FDI refers to investments made by a company or individual in one country in business interests in another country.
How does FDI improve a country’s economy?
By increasing productivity and connectivity
FDI can lead to job creation, technology transfer, and increased competition.
What is a key characteristic of the population in London mentioned?
Most people are in their 30s
This indicates a significant demographic trend in the city.
What percentage of the population identifies as having no religion?
Increased number of no religion
This reflects changing societal values and beliefs.
What percentage of the population has a non-UK identity?
47%
This highlights the multicultural aspect of the population.
What is the unemployment rate mentioned?
4% unemployed
This indicates a low unemployment rate, suggesting a healthy job market.
What percentage of the population is employed?
79%
This is higher than the national average.