Economic opportunities in Rio Flashcards

1
Q

What has economic opportunities brought improvements to in Rio (4)?

A
  1. roads
  2. transport
  3. services
  4. environment
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2
Q

What job sector has Rio’s economic growth created the greatest demand for?

A

Public services, there is a high demand for services and retail

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3
Q

What has been discovered offshore and what has this lead to?

A

Oil has been discovered offshore, stimulating a growth in oil related industries such as extraction and processing

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4
Q

How has tourism impacted Rio’s economic growth?

A

Because of Rio’s attractive beaches and rich cultural heritage, the tourist industry has boomed

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5
Q

How have industrial areas stimulated economic development in Rio?

A
  • 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
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6
Q

Describe Rio’s North Zone

A
  • The city’s main industrial zone and port areas
  • Location of the city’s main International airport
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7
Q

Describe Rio’s West Zone

A

-The industrial area of Campo Grande has low quality housing around the steelworks
- The main 2016 Olympic stadiums are located here

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8
Q

Describe Rio’s South Zone

A
  • Connected to the rest of Rio by tunnels through the mountains
  • A wealthy district dominated by retail and tourism
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9
Q

Describe Rio’s Centro Zone

A
  • 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
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10
Q

Where is Terbium steelworks?

A

Sepetiba Bay, Rio

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11
Q

Why was the original steelworks created?

A

Brazilian mining company CVRD patterned with a German steel company to exploit iron ore reserves and stimulate economic growth

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12
Q

Why has the project been controversial?

A

It was built in an area of natural beauty

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13
Q

What is the multiplier effect?

A

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

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14
Q

How did the development of the steelworks trigger the multiplier effect in Brazil?

A

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

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15
Q

In 2017, what happened?

A

The German company sold the steelworks to Terbium, an Argentinian company, the leading steel producer in South America

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16
Q

How did the Terbium steelworks industry stimulate economic development (3)?

A
  • Brazilian government benefited from tax and investment into the city
  • Local people had secure employment and better healthcare
  • communities in favelas benefited from investment and self-help projects, improving sanitation and access to water and electricity