Pop!: Why Bubbles Are Great For The Economy

Following the restructuring process which swept away the traditional manufacturing economy of the inner city 25 years ago, new industries are transforming these former post-industrial landscapes. These creative, technology-intensive industries include Internet services, computer graphics and imaging, and video game production. The development dynamics of these new sectors are volatile in comparison with those of the classic ‘Industrial City’. But these new industries highlight the unique role of the inner city in facilitating creative processes, innovation and social change. Further, they reflect the intensity of interaction between the ‘global’ and the ‘local’ in the metropolis, and represent key agencies of urban place-making and re-imaging.

This book addresses the critical intersections between process and place which underpin the formation of creative enterprises in the emergent industrial districts of the ‘new inner city’. It contains intensive case studies of industrial restructuring within exemplary sites in prominent world cities such as London, Singapore, San Francisco and Vancouver. The studies demonstrate the global reach of development and innovation across these cities and sites, marked by clustering, rapid firm turnover, and interdependency between production and consumption activity. The evocative case studies, brought to life by interviews, sequential mapping exercises, media narratives, and photography, also disclose the importance of local factors (including urban scale, built form, property markets and policy) which shape both the specific industrial structures and socio-economic impacts.

The New Economy of the Inner City places inner city new industry formation within the development history of the city, and underscores its role in larger processes of urban transformation. The findings inform a critique and synthesis of urban theory which frame the evolving conditions of the 21^st century metropolis. This book would be useful to researchers and students of Geography, Urban Studies, Economics and Planning.

Cities and Economies explores the complex and subtle connections between cities and economies. The rise of the merchant city, the development of the industrial city and the creation of the service-dominated urban economy are all explored, along with economic globalization and its effects on cities in both developed and developing economies. This book provides a thorough examination of the role of the city in shaping economic processes and explains the different effects that economies have on cities. It provides an invaluable and unrivaled guide to the relationship between urban structure and economic processes as they compare and contrast across the world.

The authors examine the complex relationships between the city and the economy in historical and global contexts, as well as evaluating the role of world cities, the economic impacts of megacities and the role of the state in shaping urban economic policies. They focus on the ways in which cities have led, and at the same time adapted to, economic shifts. Large cities are viewed as the centres of regional and national economies, while a small number are defined by their centrality in the global economy.

The book:

• examines key ideas and concepts on the economic aspects of urban change
• explores the changing nature of urban economies and their relationships with changes at the national and global levels
• compares current economic issues and policies of large cities around the world
• explores the links between globalization and economic changes in cities and the growing competitions between them.

Cities and Economies uses case studies, photographs and maps expanding across the US, Western Europe and Asia. Written in a clear and accessible style, the book answers some fundamental questions about the economic role of cities. It is an essential text for students of geography, economics, sociology, urban studies and urban planning.