Key Terms

• Place - A portion of space with changing characteristics over time
• Space - Exists within or between places
• Life cycle - Series of changes in an organism's life, including reproduction
• Globalisation - Integration of people's lives with economic, social, political, and environmental aspects
• Time-space compression - Processes reducing distance between places
• 24 hour city- Place with constant activity on the streets
• Informal representations of a place - Includes films, TV, Soaps, composers, and photography
• Formal representations of a place - Includes census data
• Social inequality - Uneven distribution of opportunities and rewards among social groups
• Quality of life - Measure of well-being including healthcare, education, and leisure access
• Standard of living - Access to income and material items like clothes, water, and housing
• Absolute poverty - Earning less than $1.25 per day
• Relative poverty - Measure of poverty relative to income spread in the population
• Gini coefficient - Assesses income inequality within a country (0.0 = equal)
• Housing tenure - Financial arrangements for living in a house (Renting, mortgage, council housing)
• HDI - Composite statistic of life expectancy, education, and per capita income
• Global shift - Manufacturing relocation to countries with cheaper labor and materials
• Recession - Temporary economic decline with reduced trade and industrial activity
• Boom - Period of increased commercial activity associated with innovation
• Player - Individual or organization influencing actions or decisions (stakeholder)
• NGO - Non-governmental organization
• Foreign Direct Investment (FDI) - Inward investment by a foreign company in a country
• Reimaging - Creating a new mental image of a place through cultural elements
• Rebranding - Marketing to give a place a new identity for investment
• Regeneration - Long-term process improving economic, social, and environmental aspects of a place
• Brand artefact - Physical environment representing a brand
• Brand essence - Experience people have in a place
• Blandscape - How a place positions itself against competitors for investment
• Market-led (rebranding) - Private investors rebranding a place
• Top-down (rebranding)- Large organizations rebranding a place
• Flagship development - Large one-off property projects stimulating further investment
• Legacy (rebranding) - Investment in a place post major sporting event