Unit 3 Notes Flashcards
What is the largest sector of employment?
Tertiary.
What % of GDP is in the tertiary sector?
80%.
What does the tertiary sector include?
Retail, IT services, hotels, restaurants, transport, banking.
What is the official name for growth in the tertiary sector?
Tertiarisation.
What has tertiarisation meant for manufacturing?
Improved productivity in manufacturing because of mechanisation.
What is the nature of jobs in the tertiary sector?
They’re usually less physically demanding, but more mentally draining.
What % of GDP did the tertiary sector make up in 1970?
50%.
What is gentrification?
The displacement of original working class populations to make way for a new, more affluent population.
What is the name of stage 1 of gentrification?
The early stage.
What happens during stage 1?
Hipster groups take advantage of low cost, low maintenance buildings, a new community develops, where urban pioneers and working class people co exist.
What is the name of stage 3 of gentrification?
The late stage.
What is the name of stage 2 of gentrification?
The transitional stage.
What is the case study for gentrification?
Shoreditch.
What happens in stage 3?
Reputation of area is established, wealthier residents are attracted, private sector investment is attracted, urban pioneers are forced out.
What happened during stage 3 in Shoreditch?
Highest skilled, highest paid jobs all increased. Lowest skilled, lowest paid jobs all decreased.
What happens in stage 2?
More affluent, liberal residents, visitor numbers increase, demand for property increases, working class renters are forced out.
What happened in 2015 in Shoreditch?
Anti-Gentrification protests - as local people felt disenfranchised by growing affluence of the area.
What is the background of Shoreditch?
During the 1980’s,Shoreditch had many buildings which had fallen into disrepair, due to deindustrialisation.
What happened during stage 1 in Shoreditch?
Area near Hoxton Square attracted a new community, illegal warehouse raves became common, greasy spoon cafes were found there.
What happened during stage 2 in Shoreditch?
Shoreditch became one of the trendiest places in London, House prices rose by 53% from 2005 to 2010.
When did each stage happen in Shoreditch?
1990’s - Stage 1. 2000’s - Stage 2. 2010’s - Stage 3.
What do original residents have to say about new developments?
Too expensive, eyesore, FDI funded them, area has been built up too much.
Who are the winners in stage 1 of the process?
Urban pioneers - They take advantage of low cost, low rent buildings. Residents - Benefit culturally from street art.
Who are the winners in stage 2?
Property owners - Whose value of property increases, creating more wealth. Bigger businesses - encroach on up and coming areas.