REGENERATION - EQ2

Question 1

Example of economic success: Sydney

Answer 1

• Leading financial centre for Asia-Pacific
• High levels of high paying quaternary employment
• Attractive climate and working environment
• Young economically active population (avg 36)
• Location + time zone ideal for trading
• Avg salary higher than UK

Question 2

Example of social success: Sydney

Answer 2

• 30% migrant population leads to multi-cultural city.
• Strict migrant policy favouring those that are high skilled.
• Well connected to rest of world and local to major populations e.g. China or India

Question 3

Example of economic decline: Middlesbrough

Answer 3

• Most deprived town in all of England.
• Steel and chemical industry declined losing 5,000 jobs.
• 10% unemployment.
• Government neglect has led to underfunding for key services.
• 3rd Highest crime rate in UK

Question 4

Example of economic decline: USA Rustbelt

Answer 4

• Deindustrialisation (negative multiplier effect)
• 27% population left 2000-2012
• Unattractive to invest in
• Less than 30% graduate from high school
• Large abandoned areas