EQ2- sydney success of regen

Question 1

What makes sydney economically successful?

Answer 1

-High number of jobs in quaternary sector (contributes to 12% of GDP for australia)
-Sydney is Australias most economically productive region
-National gov de-regulated financial market so foreign banks can operate (currently 40)
-Lots of trade with Pacific asian area like indonesia
-Largest manufacturing hub in australia ($40 billion in 2018-19)

Question 2

What makes sydney socially successful?

Answer 2

-Highly multi-cultural city (30% are migrants)
-Due to its location + time zone, business trading is possible in US and Europe which is important for financial sector
-Strict migration policy- favoring those who are highly skilled
-Young, economically active population (average age 36)
-Bondai beach- tourism
-Opera house which is unique and iconic

Question 3

What makes Syndney environmentally successful?

Answer 3

-Climate is favorable because it’s sunny and warm which makes it attractive to workers and businesses alike
-Situated in a temperate climate, it is agriculturally productive

Question 4

What some issues that Sydney experiences?

Answer 4

-Climage change is bringing droughts, flooding and wildfires
-Very high living costs
-Lack of public transport