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Question 8C
Examine the impact of two of the following on the development of footloose industries or financial services or mass tourism in a developed economy that you have stud... show full transcript
Step 1
Answer
For this examination, we will consider the developed economy of Germany.
Germany, known for its robust economy, provides an ideal case study for the impact of various factors on the development of footloose industries.
The country has various attributes that support both financial services and mass tourism.
Step 2
Answer
Physical factors play a significant role in the development of footloose industries and mass tourism in Germany.
Geographical Location: Germany's central position in Europe makes it easily accessible by road, rail, and air. This encourages tourism and the establishment of footloose industries that require easy transport of goods.
Infrastructure: The extensive transportation network, including highways, railroads, and airports, enhances connectivity. This is vital for industries that rely on swift distribution.
Natural Resources: While footloose industries are less tied to natural resources, their availability can still influence the location of certain sectors. For example, the scenic landscapes in Bavaria attract tourists.
Thus, physical factors substantially contribute to the development of these sectors.
Step 3
Answer
Human factors are equally crucial for the development of footloose industries and mass tourism in Germany.
Skilled Workforce: Germany boasts a highly educated and skilled workforce, essential for industries seeking innovation and efficiency. This attracts footloose industries, especially in technology and engineering sectors.
Cultural Heritage: The rich cultural heritage of Germany, with its historic landmarks and festivals, draws millions of tourists annually. This enhances mass tourism, linking to the local economy.
Government Policies: Supportive government policies towards education and entrepreneurship further facilitate human resource development, essential for sustaining these industries.
In summary, human factors such as skilled labor and cultural attractions play a significant role in fostering the development of footloose industries and mass tourism in Germany.
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