Rise and Fall of Urban Economies Storper Michael
Rise and Fall of Urban Economies Storper Michael Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its…
Specifikacia Rise and Fall of Urban Economies Storper Michael
Rise and Fall of Urban Economies Storper Michael
Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. would outpace San Francisco in population, income, economic power, and influence. Yet, in 1970, experts would have predicted that L.A.
So what does? The usual factors used to explain urban growth--luck, immigration, local economic policies, and the pool of skilled labor--do not account for the contrast between the two cities and their fates. The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings.
The authors argue that it is essential to understand the interactions of three major components--economic specialization, human capital formation, and institutional factors--to determine how
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