1
Q
Example of economic success: Sydney
A
- 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
2
Q
Example of social success: Sydney
A
- 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
3
Q
Example of economic decline: Middlesbrough
A
- 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
4
Q
Example of economic decline: USA Rustbelt
A
- Deindustrialisation (negative multiplier effect)
- 27% population left 2000-2012
- Unattractive to invest in
- Less than 30% graduate from high school
- Large abandoned areas
