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3 Cards in this Set
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Retail change over time - meadow hall Sheffield • Opened in 1990 and cost £250 million • Employs 7000 people and attracts 25 million py • 280 shops • 10 large anchor stores to draw customers in • 50 places to eat and drink • 11 screen cinema • Within hour drive of 9 million people • Free car park |
Problems • Steep decline in people going to the CBD • CBD less attractive so fewer people want to go there or set up business there Solutions • The council has added more opportunities to make it more optional for people going to the CBD • CBD is getting repaired and the price to set up a business is lowered to attract business owners |
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Location of Economic activity MEDC - Port Talbot steel works • South Wales Valley - good for making iron • Lots of raw materials -coal and iron ore • Limestone nearby in Brecon Beacon • Fast flowing rivers provide water • Good transport links • export to India • Large workforce nearby • Ebbwvale near by |
Location Factors • Empire countries gained independance so their was no longer a garanteed market • Coal and iron resources running low • Valley sites too small for large factories Changed Location (Port Talbot) • Material can easily be imported and exported • Large site - expansion • Good transport links • Government incentives Consequences • High unemployment, less people paying tax, council has less money to spend, decline in edcational standards |
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Location of economic activity in an LEDC - Fiat factory Betim, Brazil • Opened in 1976 and employed 10,000 produced 130,000 cars a year • 1990 fiat invested $1.5 billion in the area and employs 650,000 workers and made 650,000 cars that year. Why did Fiat choose Brazil • The government gave fiat special deals as they wanted long-term employment for their people. • Brazil was an emerging market • no strikes |
Positives • Provides jobs for local people • Improves infrastructure • Puts money into the economy • helps development Negatives • Pollution • impacts on other industries • profit doesn't stay in the country • Unreliable work - close the line |
