GEOG 216 Chapter Notes - Chapter 26: Creative City, Urban Planning, Path Dependence
10 Dec 2016
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Document Summary
Cities are organic living entities in which various institutions engage with one another to exchange goods, services, information. Every part of a city is subject to change at any time, and it is this capacity for change that points to the ongoing transformation that it an essential feature of capitalism. In market economies, institutions both create routines and facilitate change. Cities e(cid:454)ist fo(cid:396) t(cid:396)ade; the(cid:455)"(cid:396)e the pla(cid:272)es (cid:449)he(cid:396)e dol a(cid:374)d e(cid:454)(cid:272)ha(cid:374)ge is ela(cid:271)o(cid:396)ated. Cities both organize dense localized (intra-urban) interactions of economic activities and land- use patterns and orchestrate the global economy within (inter-urban) systems. Advanced cities of the 21st c export knowledge based services and are part of spatial innovation systems linking agents involved in the research, development and transfer of new tech around the globe. Spatial agglomeration allows firms in specific industries to realize localization economies of scale and enables firms in all industries to realize urbanization economies of scale.
