economic stuff Flashcards
tyopics not covered- why wee need to manaege uk energy use + definitions
why did the quaternay sector grow in silicon valley?
- it used to be an agricultural region
- it became a place in the aerospace industry after it became a port
- it has accessiblity to universities like stanford which aim to promote science, engineers and prepares them to work for tech companies
- this prep also many breaktrhoughs to take place in private companies
- e.g., the semi conductor industry led to computer industry which grew further- furthered by space race and money from the defence department which boosted growth and created a safe foundation especially with govenmernt invesmtent
- time allowed it to grow
- lass of internationa competition allowed it to grow
- ti was a product of post war america
what are the impacts of the shift into the quatrnary sector?
- high skilled thech - leads to rapid expansion of agricultural things and housing, development of industry attracting migrants from external regions
- this means that due to the influx of new people, demand for housing outstrips supply and prises rise rapidly
- huge increase in industrial traffic aswell - pressure on highway
- employees seek out more affordable housing in lower-cost peripheral locations and an extended commutnig increases pressure on the highway system
- all of this means more land is required for trasnsport and environmental quality reduced
- the lack of available space means there is more problem with revruitment anf resident ocmpanies seek to ecpand new areas
what was the positive social impact on silicon valley being in the quaternary sector?
- access to good unis and improved investment
- this can cycle back into communities and force schools to improve to accomodate with the rise in standards
- knowledge can also be shared with institutions like state universities
- many companies will have good amenities to attract workers
- higher salaries may also increase quality of life - cycles back into communities through taxes
what was the positive economic impact on silicon valley being in the quaternary sector?
- there is a large economic output of 245$ billion - benificial as it can recycle back into community and monetory incentive
- created jobs e.g., in the 60-80s Santa Clara added 203,000 manufactruing jobs
- GDP per persion is 108,000$ - highest ever and can be cycled back into community through taxing
what was the positive environmental impact on silicon valley being in the quaternary sector?
companies may nivest (very locally) un areas
- some companies look into green energy having a wider (operhaps global impact) - may not be accessible
what was the negative social impact on silicon valley being in the quaternary sector?
- high GDP causes soaring house prices - pusshes out low income and makes it innaccessible to live there, epecially if oyu dont work in tech industry
- large houses mean apratment blocks cant be built
- problematic cultural shifts
- rising inequality
- homelessness
what was the negative econmic impact on silicon valley being in the quaternary sector?
-rising inequality due to housing prices
- reducing diversity, makes area unlivable
- changing house prices along with increasing demand and increasing wages
- increased general cost of living e.g., rent is among the highest in USA
what was the negative eonvironmental impact on silicon valley being in the quaternary sector?
- suburban scrawl causes severe traffic congestion
- pollution means most affected area is central valley where the poorer are
- water shortagres - from energy requiremwents
- groundwater plumes of solvent moves near working class areas and industrial zones are exposed to pollution and worsened inequality
- pollution from precious metala nd waterways are polluted - run off gasoline pesticides, oil, soil, txins
- EPA names it some of the most contaminated land int he country
0 vapour intrusion can lead to leukemia (e.g., google has been related to this)
what is de industrialisation?
the the process whereby thre importance of manufacturing in the economy declines
- impacts local communities , environemnt, economy
why did the secondary industry - cars - decline in detroit?
- in the 20s is ws fully industrialised with cars
- the great depression led to employment ebing cut, production being cut, and people had less disposable income
- migration changes and racism (creating tensions adn strikes - opression form police) - WHITW FLIGHT
- there was great segregation and there was little space for african american people to live which lead to rumours, riots where 30 people were killed in riots a
- the ‘white flight’ meant manufacturering companies also moved to the suburbs, draining neighbourhoods od business, leading tot he deteriorations
- rise of japanese
- epole unable to get loans for cars
secotr shift meaning?
the change of relative importance of economy’s sectors
what are the positive social impacts of this sector shift in detroit?
- 2008-2013 - railway system, school reform, and demolition of houses (which were auctioned and land use plannning) - imporveв QoL
- gentrification improved downtown (increased QoL)
what are the positive economic impacts of this sector shift in detroit?
in some ways, the bankrupcy of Detroit, post decline of 2ndary indusyry meant thery were able to angle away from the automotive industry
what are the positive environmental impacts of this sector shift in detroit?
- land use planning means the demolition od abandoned houses
what are the negative social impacts of this sector shift in detroit?
- lead to an increase in crime
- illeteracy rate of 47% - QoL and services decreased
- divide between suburbs and downtown detroit including house prices , continued segragation (Grosse Point Black 85% are white and in Detroit city - 82% are black) - house p[rices suggests an inequality in QoL
- 38% jobs require a fdegree but the school systems orent good - (100 schoools closed since 2005)
- 71% jobs are held by people living in the suburbs
- foreclosure cirsis
- spme of the highest crime rates (53 per 100,000 as of 2022
- ## 1 in 3 live bellow the poverty line and 1 in 2 children live below povery line
what are the negative economic impacts of this sector shift in detroit?
- unemployment (2009 - 28% people unemployed (for black people over 30%))
- had to apply for bankrupsy in 2013 due4 to financial crisis and mismanagement
- $ 18 billion in long term debt
- 250,000 jobs short since 2004
- reposession of homes due to not being able to keep up with the morgage payments (social)
- population loss has led to a reduction in tax base and less money recycled back into community
- underfuninng of public servidea and over 100 schools have closed and 40% street lights don’t work
- as business’s move out there is a spiral of decline and loss of income
what are the negative environmental impacts of this sector shift in detroit?
- abandoned factories have beocme ‘brownfields’ and pollute detroid, making it unattractive to urban redevelopment
- urban decay and 70,000 abandoned buildings (and 21,000 empty houses)
why can we see the indvidual economic impact of the sector change in detroit?
because it had the highest median income at one point which is now no longer the case
what are some factors that affect the location of the quaternary employment
- the environment (atmopshere) can attract people close to universities and skilled workers
- good internet speed can accomodate work
- government policy can create incentives like tax cuts to promote the sector
what are 2 impacts of the economic change in china?
- increased disparity and inequality between urban elite and the rest of the population. decreases QoL and particularly the rural poor as they are increasingly unhappy
- increased ubranisation and its consquences
who does the uqaternary sector mainly benefit in Silicon Valley?
the wealthy- it is only available to people with higher level of educaation, which can be costly
- high gdp pushes people out
how does silicon valley affect other areas?
it prevent other places from exmpanding because it is such a strong global hub. it was formed under specigic conditions creatinga stable foundation
- however new tech can have global benefits e.g., cars
- they can control some sectors like social medias whch can shape culture
what is the economic output and gdp of silicon valley?
- billion $
gdp - $840 billion - highger than saudi arabia, switzerland
has each impact of the deindustialisartion of Detroit impacted residents in the same way?
no:
- high dropout rate + illiteracy rate - lower income and higer% unemplyment
– people in suburbs feel less of the impact as they are wealthier?
-