From: Lessons for a Modern Chicago, New York Times, James Warren
"An estimated 70 percent of the world’s population will live in cities by 2050. The fittest to survive, the consensus goes, are those metropolitan areas — not just cities — that can combine talent, capital, innovation and cooperation in plotting organic strategies for growth, and not just steal businesses from elsewhere."
"...A new ranking of metropolitan economies, based on employment and per-capita income growth, shows American cities plummeting as Asian and Latin American cities rise. In the past year, only one American city, Austin, Tex., was in the top 35, with Chicago ranking 82nd among 150 metro economies worldwide and trailing 30 cities in the United States.
Panels exploring the revivals of Barcelona, Munich, Seoul and Turin underscored that success involved a determination to work with local, state and federal governments; to internationalize economies; to innovate to revitalize traditional industries; to upgrade workers’ skills with technical training; and to shift to a green economy while boosting investment in high speed rail..."
"...Emily J. Harris, program director for Chicago Metropolis 2020, found the big takeaway from the conference was that economic development strategy must depend on innovation “and not trying to attract firms from elsewhere.” Growth must come from within, the strategy used in Turin, Italy’s Detroit, which parlayed a declining auto sector’s technical savvy into powerhouse design and aerospace centers."
16 December 2010
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