Economic opportunities in Rio Flashcards
What has economic opportunities brought improvements to in Rio (4)?
- roads
- transport
- services
- environment
What job sector has Rio’s economic growth created the greatest demand for?
Public services, there is a high demand for services and retail
What has been discovered offshore and what has this lead to?
Oil has been discovered offshore, stimulating a growth in oil related industries such as extraction and processing
How has tourism impacted Rio’s economic growth?
Because of Rio’s attractive beaches and rich cultural heritage, the tourist industry has boomed
How have industrial areas stimulated economic development in Rio?
- Rio is the 3rd busiest port in Brazil exporting coffee, sugar and oil
- Oil refining and ship building employ many local people providing secure incomes and increasing economic development
- It has rapidly expanding industries such as engineering, printing and publishing, pharmaceuticals and food processing
Describe Rio’s North Zone
- The city’s main industrial zone and port areas
- Location of the city’s main International airport
Describe Rio’s West Zone
-The industrial area of Campo Grande has low quality housing around the steelworks
- The main 2016 Olympic stadiums are located here
Describe Rio’s South Zone
- Connected to the rest of Rio by tunnels through the mountains
- A wealthy district dominated by retail and tourism
Describe Rio’s Centro Zone
- The oldest part of the city, with the CBD (central business district) and main shopping area
- The financial district has the headquarters of Petrobas and CVBB, Brazil’s largest oil and mining companies
Where is Terbium steelworks?
Sepetiba Bay, Rio
Why was the original steelworks created?
Brazilian mining company CVRD patterned with a German steel company to exploit iron ore reserves and stimulate economic growth
Why has the project been controversial?
It was built in an area of natural beauty
What is the multiplier effect?
when an introduction of an industry to an area triggers the expansion of existing industries and encourages growth in other areas such as local services
How did the development of the steelworks trigger the multiplier effect in Brazil?
it attracted construction and supply industries to the area and these industries created jobs which increased income for people in Rio, many of whom lived in poor quality housing
In 2017, what happened?
The German company sold the steelworks to Terbium, an Argentinian company, the leading steel producer in South America