what is an example of a successful place and how does its location help it?
Sydney, Australia
>Sydney is a part of an economically successful region along Australias South east coast
>the regions cities have karate proportions of high income jobs in the ‘knowledge economy’
>according to the worlds cities research network, Sydney is an Alpha city (big, influential city)
why is Sydney so successful?
- Australia’s national government have deregulated banking and finance- allowing any overseas bank to operate there.
- it has low levels of multiple deprivation, especially in the western suburbs, but employment levels are generally high with above average incomes
- Sydney has overseas-owned banks and TNC’s, it’s the leading financial centre for the Asia-Pacific Region.
- Australia national gov. have focused inward migration on well-qualified professionals-skills test systems
- Sydney has a young economically active work force, with a median age of 36 compared to the Uk’s 41
what are some problems with Sydneys success?
> some of Australias remote areas (the outback) are declining and losing young people and their skills
^^two speed economy
urban sprawl leads to development on urban fringe and therefor deforestation of greenfield sites which affect
habitats
increased pollution and congestion
ranked 5th most expensive city but is ranked 10th in quality of life
what’s an example of where regeneration is needed?
russ belt- USA
- declined after the 1950’s and war when the US was supplying war-damaged Europe with steel to help it rebuilt.
- china produces 49% of the worlds steel and the russ belt only produces 5%.
- TNC’s want to make a profit so outsource manufacturing to emerging countries such as china where labour is cheaper.
- negative multiplier effects and spiral or decline: unemployment increases, informal jobs, higher levels of crime, low quality of life.
what’s an example of rural regeneration?
Cornwall
employment is tourism based which is seasonal > low incomes result in low spending power > limited business opportunities > people can’t afford housing > councils tax low so can’t invest in services
what are the local, regional and national regeneration schemes used in Cornwall
local: lobbs farm- farm diversification
regional: eden project encouraged tourism
national: super fast broadband
