Changing places - shifting flows Flashcards
How flows of money, people, resources and ideas have affected Economic characteristics of places:
Flows of people: people visiting places can change the economic characteristics of those places. e.g popular tourist destinations has altered the type of jobs to more hospitality and restaurant based in some places
Flows of resources: exporting of local raw materials/resources can have a large impact on local economies as these products can be sold to global markets.
Flows of money/investment: can have positive and negative impacts.
e.g reduced investment and increased competition from abroad has led to the decline of some primary industries, which has damaged economies in many places e.g UK deindustrialisation.
Inward flows of investment can cause the multiplier effect.
Flows of money, people, resources and ideas have affected the social characteristics of a place:
Flows of people: regional migration from rural to urban areas in poorer countries has changed social characteristics and levels of social inequality. e.g in India this mass migration has led to slums, with awful quality of life.
Flows of resources: Exports of natural resources from LIC’s can change levels of social inequality.
e.g exports of oil from Nigeria main profits go to a couple of people, economic leakage, making the rich richer from the poor.
Flows of money and investment: gentrification has improved social characteristics in some places but can exacerbate inequalities.
e.g Deprived areas can become less deprived and increase the living standards, but this will increase house prices and drive out the locals putting them in poor living conditions.
