CP 3 Flashcards
What is the tertiary sector?
Services
What is a key factor behind tertiarisation?
improved productivity in secondary and primary industries through mechanisation (less labour needed). Affluent population, more leisure time, growth of IT
How much did the GVA (Gross value added) of the tertiary sector grow from 1970 and 2006
from 50% to 78% GVA
What is gentrification?
displacement of working class-population in an area, as a more affluent population move in.
What is stage 1 of gentrification?
In deindustrialised areas, working class inner city locations, artists and hipsters (urban pioneers) more in, taking advantage of low rent.
Trendy community develops with services.
Limited impact on property prices and pre-existing working class residents.
Who does stage 1 of gentrification benefit?
Urban pioneers - cheap rent
Working class - prevents spiral of decline
Property owners - empty buildings generate income
What is stage 2 of gentrification?
Area is trendy, more affluent workers move in, tourist numbers increase due to services, demand for residential and commercial property increases (rent is increased). Working class and low value services (replaced by high value services) are outpriced
Who does stage 2 of gentrification benefit?
Artists - market for art
Affluent residents
Tourists - spend money in businesses
High value services/small businesses - have customers
property owners - demand increases, so rent increases
What is stage 3 of gentrification?
Wealthy residents are attracted (business class). Leading to; exclusive housing, office/tertiary employment, services are orientated to affluent (high prices). Original working class and urban pioneers are priced out
Who does stage 3 of gentrification benefit?
high income - business/private sector
high value services
private sector corporations - office buildings
Property owners
Who does stage 3 of gentrification NOT benefit?
Working class, urban pioneers, low value services - priced out
Who does stage 2 of gentrification NOT benefit?
Working class - due to increased rent they are priced out / disenfranchised/marginalised
GENTRIFICATION CASE STUDY
Where is Shoreditch?
Northeast of London, inner city
GENTRIFICATION CASE STUDY
When was Shoreditch in stage 1? What was it like?
1980s, buildings in disrepair/abandoned
Artistic community, (Damien hurst), street art created
Working class cafes - mixed community
GENTRIFICATION CASE STUDY
When was Shoreditch in stage 2? What was it like?
2000s, trendy - attracting hipster groups, businesses rising property prices
GENTRIFICATION CASE STUDY
When was Shoreditch in stage 3? What was it like?
2010 to present. Demographic changes to wealthier population, changing services (Versace opened a store). Services increase prices to keep up with rent/competition
GENTRIFICATION CASE STUDY
How much did rent prices increase in Shoreditch in stage 2? How much was the average for east London?
53% vs 26%. Over 2 times the average for east London
GENTRIFICATION CASE STUDY
What cafe was victim of anti-gentrification protests? What did they do? Why?
Cereal killer Cafe. Threw paint, etc.. Increasing prices for products.
GENTRIFICATION CASE STUDY
Why did people protest against gentrification
Working class people completely disenfranchised. Government offers no help
GENTRIFICATION CASE STUDY
Were people right to protest cereal killer cafe?
No - working class people attacked a small business instead of a major cooperation (Versace)
GENTRIFICATION CASE STUDY
What does disenfranchised mean?
Cannot afford products
GENTRIFICATION CASE STUDY
What factor has people with professional occupation increased by in Shoreditch? What has working class decreased by.
professional occupancy up by x2.5
working class decreased by 50%
GENTRIFICATION CASE STUDY
What was the apartment development called in Shoreditch?
Galliard Homes - “the stage”
GENTRIFICATION CASE STUDY
How much does a 3 bedroom on the 26th floor cost in Galliard homes
£2,600,000