The Changing Forces of Urban Economic Development: Globalization and City Competitiveness in the 21st Century
36 Pages Posted: 5 Apr 1999
Economic development in U.S. cities will be driven increasingly by forces of global economic interaction in the 21st century. Where the export sector is thriving, international trade and investment are creating more and better paying jobs. U.S. cities will have to adjust quickly to these and other international forces. To grow and prosper, metropolitan areas must improve their education systems to produce a highly skilled and flexible work force, improve the quality of living conditions to attract international investment, provide services and infrastructure to support globally competitive firms, and develop stronger entrepreneurial and technological capacity among small and medium-size companies. Civic leadership and community action are essential to expanding and modernizing urban infrastructure, strengthening mechanisms of community cooperation within metropolitan areas, and fostering public-private partnerships to expand opportunities for employment. Demands for integrating the inner-city poor into economic activities will require innovative policies that build on business-oriented approaches to community development.
JEL Classification: H79
Suggested Citation: Suggested Citation