Silicon Valley - Economy and Industry Flashcards
What is the size of Silicon Valley
1800 miles squared
Where is it
South of San Fransisco Bay
Second highest concentration of………. ……….. in the US
Wealthy People
How many people in Silicon Valley
2.6 million
How has capital influenced the location of high tech industries there
Large amounts needed because top level workers demand his salaries
HQ in MEDC’s
Manufacture in LEDC’s
How has labour influenced the location of high tech industries there
High skilled workers
Located near cities with universities and research institutes
How has transport influenced the location of high tech industries there
Rapid transport needed to get products to market before competitors
If it were a country it would rank…….on it’s economy
23rd
Why is the economy acceleration
Global markets are expanding
..x size of Greater London
3
Why is it located where it is
Highly qualified workers
Good transport links - San Fransisco Airport)
Near to sea enabling easy distribution
Access to universities, providing research, workers and facilities.
Large available land
Give some impacts Silicon Valley has
Reducing carbon footprints
Rents are 227% higher than national average
Cultural diversity