EQ2 San fransisco successful urban place

Question 1

Location?

Answer 1

California - west coast

Question 2

What is San Francisco known for?

Answer 2

World renowned hub for entrepreneurship , investment and tech businesses.

Question 3

if SF was a country what would it be ranked in the world for its economy?

Answer 3

23rd in the world for its econ.

Question 4

When did SF begin to gain international recognition by global dot com businesses?

Answer 4

• 1990’s - attracted Twitter, Dropbox = FDI = known for being a gold mine = gold rush from stem bio-tech and digital media companies

Question 5

What is the sig. of Silicon valley to SF

Answer 5

all major companies reside within their own campuses n silicon valley - apple’s corporate headquarters, located in silicon valley + harvard university is within close proximity = advantage for tech businesses looking for highly skilled stem workers

Question 6

How has SF shown that it is successful compared to other cities in US?

Answer 6

Labour productivity is 62% higher than US avg in 2013 - so economic growth prospects for San Fransisco is promising.
employment has grown at nearly 2x the rate of other US cities

Question 7

Outline some of the problems that SF faces as result of rapid growth in population and economy ?

Answer 7

• high levels of inward migration combined with under-funded and weak management of transport = high levels of congestion , increasing commuter journey times = high levels of air pollution
• combination of gentrification and failure to build housing in line with rising demand has led to inflation in house prices- only the most affluent residents are able to live in SF, those who are not able to afford the housing , is marginalised to cheaper suburban areas.

Question 8

economic impacts on demographic ?

Answer 8

Bay Area wages were on average 16% higher
than wages in the U.S. economy as a
whole.