Uploaded on 2016-09-03 by Pearson Brown

I have highlighted three key stocks and flows which are important to the development of the city - tourism, education and economy. I will explain all three in terms of the concept of stocks and flows and how they help the city. 1. Tourism. It brings many benefits to the area. Tourist interest is triggered by tourist attractions, landmarks and accommodation standards. Newcastle-upon-Tyne has an international airport which allows potential for tourism on a global scale. A flow of tourists will increase the population of the city. It will provide a major economic boost to businesses on the quayside and city center. More tourists creates a denser city as the necessity of hotels will increase. Buildings will develop over time to suit the needs of a higher population and tourists. Density increase is a flow. Therefore a flow of tourists generates a flow of density in core areas of the city. 2. Education. It can be successful if there is the following: funding in the correct areas of the university, upkeep of information architecture (libraries) and good quality of schools and teaching. The flow of money in the sector and the employment of teachers creates a flow of educated people. This increases the education rate of the area and the quality of living subsequently. These actions occur over a long period of time, and are flows. An educated area increases the interest from students and parents in the area- a boost in the economy follows. 3. Economy/ capital. Employment rates are currently low in Newcastle and the North-East of England compared to the rest of the United Kingdom. Key industries in Newcastle are manufacturing, healthcare and retail trade. Flows of capital into the area will help to redevelop areas which are lacking. To increase capital in the area I believe investment should be in education and tourism. Flow of students and tourists allows development. All of these elements can benefit the economy in the future. Education can improve quality of living and tourism can create a dynamic culture. However both require vast amounts of money to improve just slightly. If GDP per capita increases in the North-East then it will subsequently improve all other aspects of life, as well as reducing levels of unemployment.