4.4A successful regions

• qualities of a successful place:

  • High rates of employment
  • Inward migration (internal and international)
  • Low levels of deprivation
• Problems with successful places:

  • overheated property price
  • congestion on roads and public transport
  • skill shortages
• sun belt = a city with a warm, sunny climate that experiences rapid growth
• Successful area examples:

  -> Sydney

  -> San Francisco
• Inward migration = migration within a country for:

  -> economic opportunities

  -> better education/training facilities

  -> good housing

  -> low crime
• Reasons for Sydneys success:

  • young economically active workforce (median age of 36)
  • time-zone allows essential trading to the EU and America - essential for investment banking
  • leading financial centre for the Asia-pacific region
  • deregulation rules have allowed banks come from overseas
  • Sydneys economy has a large proportion of high-income jobs
• However, a wealthy and developing region can develop negative knock-on effects:

  • High property prices
  • Skills shortages in urban and rural areas e.g. teachers, healthcare workers
  • Congestion of roads and public transport
  • Strains on services, such as healthcare and education