Economic hubs

• What is an economic hub?

  An economically important place
• What do economic hubs concentrate?

  Economic activity
• How do economic hubs influence businesses?

  They often have many businesses located there
• What are the scales at which economic hubs can occur?

  Regions, cities, or parts of a city
• What percentage of the UK's GDP does London contribute?

  22%
• What is a significant feature of the city of London?

  It is an economic hub for the UK
• What types of companies are headquartered in London?

  Banks and other businesses
• How does the presence of many businesses in London affect the economy?

  It creates economic inequalities between areas
• What is the GDP per capita in Cardiff?

  £22,000
• How does Cardiff's GDP per capita compare to Wales as a whole?

  It is higher than £16,500
• What contributes to the wealth difference in Wales?

  The number of companies located in the south
• What is a positive effect of growth in South Wales?

  It creates jobs and attracts visitors
• What industries are significant in South Wales?

  Digital and media companies
• What is the growth rate of digital companies in South Wales?

  87% between 2010 and 2013
• How does the growth of digital companies in South Wales compare to the UK?

  It is faster than the UK as a whole
• What type of manufacturing is significant in South Wales?

  Car manufacturing
• What is a major service industry in South Wales?

  Insurance providers
• Where are many companies headquartered in South Wales?

  Cardiff
• What is the impact of companies being based in cities?

  It creates inequalities in wealth
• How does growth in South Wales affect surrounding areas?

  It attracts visitors and promotes development
• What is a consequence of business investment in South Wales?

  It significantly contributes to the economy
• What is the overall economic contribution of South Wales?

  It significantly contributes to the UK economy
• What is one way to create jobs in South Wales?

  Attracting visitors and promoting development
• How do out-of-town shopping centers contribute to South Wales?

  They attract visitors and promote further development
• What type of investment is mentioned in relation to South Wales?

  Through business investment
• What significant contribution does South Wales make to the economy?

  It contributes significantly to the economy of Wales and the UK
• When did the economy of South Wales first become an economic hub?

  In the 18th century
• What was the basis of the economy in South Wales during the 18th and 19th centuries?

  It was based on coal mining and ironmaking
• What infrastructure was built to transport coal and iron in South Wales?

  Canals and rail networks
• What happened to coal mining and ironworking in South Wales in the 20th century?

  They declined due to overseas competition
• What was the unemployment situation in South Wales during the decline of coal mining?

  Unemployment levels were high
• What economic changes occurred in South Wales in 1992?

  The different parts of the region started to work together
• What was the aim of the collaboration among different parts of South Wales?

  To achieve economic growth
• How did the European Union contribute to South Wales' development?

  It provided millions in funding for development
• How much funding did the EU provide for the National Waterfront Museum?

  Nearly £4 million
• How much funding did the EU provide to improve the A465?

  Nearly £80 million
• What has been the impact of improved accessibility in South Wales?

  It has attracted private investors
• What is the current economic status of South Wales?

  It is now an economic hub
• What is likely to happen to industries in South Wales in the future?

  They are likely to expand
• What is the longest place name in Wales mentioned in the text?

  It is not specified in the text