Discuss Walter Isard's locational history of the iron and steel industry.What are the major inputs for producing iron and steel?In Great Britain where were these inputs located?Where did early iron and steel industry locate?Why?How did its location change over time?What were the major reasons for these changes?

Discuss Moretti's innovation sector.What are the major components of this sector?How large is the innovative sector?Explain why the innovative sector is a basic sector for regional economies.How large does Moretti claim the multiplier is for the innovative sector?Discuss.End by considering whether the innovative sector is positioned to replace manufacturing as the most important basic sector of regional economies.