The impacts of quaternary industry clusters on people and places Flashcards
What locations won’t benefit from quaternary growth
Rural locations with limited communication (especially broadband)
Give an impact clusters can have on the social character of a place
Clusters attract a higher-educated, digitally proficient work force earing higher salaries which will change the social character of a place.
What can clusters do to global connectivity?
They can improve global connectivity of a place which attracts further interest and investment into the place as well as increasing productivity in research. This can lead to the development of a global hub.
What is a global hub?
A settlement or wider region that provides a focal point for activities that have a global influence. All mega-cities and world cities are global hubs, along with smaller settlements (like Cambridge, whose university and science park have a global reach).
What are the negative impacts of the quaternary industry clusters on people
Job opportunities for less skilled workers are limited
Higher-paid workers demand homes so house prices rise
Non-quaternary workers suffer from social exclusion
How can a quaternary cluster change the image of a place
A science or business park in a pleasant surrounding with good communications help in “place-making” creating a good image and attracting new workers and investors
What is a unicorn?
A unicorn is a privately held startup company valued at over $1 billion.