Economic opportunities associated with urban growth
I can explain how urban growth creates economic opportunities in Jakarta.
- Year 10
- AQA
Economic opportunities associated with urban growth
I can explain how urban growth creates economic opportunities in Jakarta.
Lesson details
Key learning points
- There are several important industrial areas located in Jakarta.
- Urban industrial areas have stimulated economic development in Jakarta.
- Urban growth has created a range of economic opportunities in Jakarta.
- Employment opportunities are changing from manufacturing towards services and from informal to formal sector employment.
Keywords
Employment - the availability of jobs and work for people, often used to measure economic opportunity and development
Formal sector - jobs which pay tax to the government and which come with legal contracts and benefits like a regular salary, sick pay and pensions
Informal sector - jobs which are not registered with the government and illegally avoid paying tax, and which do not have any protections for workers such as contracts, insurance against accidents, sick pay, holidays
Common misconception
As it is a city in a Newly Emerging Economy, most economic opportunities in Jakarta are in the informal sector.
A large majority of jobs in Jakarta are actually in the formal sector rather than in the informal sector, and the share of informal sector jobs is decreasing over time.