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Week 11.docx

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University of Toronto Scarborough
Public Policy
Scott Aquanno

Week 11- Urban Policy  Post-fordism and the new economy o Thesis of Global Futures for Canada’s Global Cities = globalization and the information age have led to the economic, political and even democratic ascendancy of global city regions o Knowledge and human capital are increasingly important drivers of well-being and are at the cutting edge of competitiveness o Econmoic services and activities that spin around knowledge and skills as well as the service industries that support those activities are becoming much more important o Comparative advantage has shifted to the big cities, which are home to the young, educated, and highly skilled workers demanded by this type of economy, as well as the capital, investment, and entrepreneurs that drive it. o Concentrations of talented and creative people attract will knowl- edge-intensive companies. And the cities that come out on top will be those that fare best in terms of what Florida refers to as the three “Ts”: technology (as measured by innovation and high-tech industry concentration  Problems: Financing o Infrastructure deficit is draining Canadian cities’ competitive advantage - $60-125 billion annually o Offloading services directly to municipalities = Ontario social services and social housing expenditures. o Upper-tier governments reduced their own expenditures in services that impacted localities  Problems: Financing o Inelastic revenue base o Municipal revenues have not kept pace. Property taxes do not expand automatically with economic growth, as do income and sales taxes. o There is a limit to the amount of revenues that can be raised through property taxes o = According to the OECD, over the medium term, no country has revenues from property taxes in excess of 3 percent of GDP.  Problems: Jurisdictional Capacity o Germany = Whereas legislation is primarily the responsibility of the federal level, the sub-national level is responsible for administrative tasks o =delegated administrative functions to the local level o = 70 and 80 percent of all legal provisions are impleme
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