Changing Places - Unit 4 Flashcards
What are the 3 locational factors for in the growth of a new quaternary industry?
1- Skilled workforce: high levels of education and skills. Consequently, many quaternary industries locate and cluster around universities and research institutes
2- Communication infrastructure: 2 key forms include: fast internet connectivity (ability for organisations to share info, often at a global scale, is vital for success) and transportation infrastructure (ability for key personnel to attend meetings and conferences to share and develop ideas is vital for many organisations)
3- Government: in 2014, British government spent £9 billion on R&D projects within its own research institutes
Name a case study of a regional quaternary industry cluster
M4 Corridor (to west of London)
Advantages of M4 Corridor location?
- Both the M4 and the A34 provide good road communications
- The electrical railway line from Paddington provides a quick route into central London for business meetings
- Heathrow airport on the M4 provides easy over-seas access
- Nearby universities, such as Oxford, have stimulated research projects here
- The attractive environment of the Thames Valley provide homes for the highly paid workers
Name a case study of a localised cluster of quaternary industries
Cambridge Science Park
Give 3 key facts about Cambridge Science Park
1- Established by Trinity College in 1970
2- By 1999, there were 64 companies located at the park, employing 4,000 people
3- Has 2 local train stations, a guided bus and airports
What does the term ‘agglomeration of economies’ mean?
the benefits that come when firms and people locate near one another together in cities and industrial clusters
What is overheating?
Overheating of an economy occurs when it’s productive capacity is unable to keep pace with growing aggregate demand
How is Cambridge’s local economy overheating?
1- House prices increased
2- Unemployment higher than the rest of England (Cambridge at 5.2% compared to 4.4%)
3- Road traffic has increased
4- Population has increased by 14%
Key facts about Birmingham Science Park
- Covers 14 acres
- Over 100 companies
- Employs more than 1500 people
Name a case study where cluster occur on a smaller scale
Birmingham Science Park
Name another case study where cluster occur on a smaller scale
The Custard Factory, Digbeth, Birmingham