The Rise And Fall Of Urban Economies: Lessons From San Francisco And Los Angeles (innovation And Technology In The World Economy)
by Michael Storper /
2015 / English / PDF
3.5 MB Download
Today, the Bay Area is home to the most successful knowledge
economy in America, while Los Angeles has fallen progressively
further behind its neighbor to the north and a number of other
American metropolises. Yet, in 1970, experts would have predicted
that L.A. would outpace San Francisco in population, income,
economic power, and influence. The usual factors used to explain
urban growth―luck, immigration, local economic policies, and the
pool of skilled labor―do not account for the contrast between the
two cities and their fates. So what does?
Today, the Bay Area is home to the most successful knowledge
economy in America, while Los Angeles has fallen progressively
further behind its neighbor to the north and a number of other
American metropolises. Yet, in 1970, experts would have predicted
that L.A. would outpace San Francisco in population, income,
economic power, and influence. The usual factors used to explain
urban growth―luck, immigration, local economic policies, and the
pool of skilled labor―do not account for the contrast between the
two cities and their fates. So what does?The Rise and Fall of Urban Economies
The Rise and Fall of Urban Economies challenges many of
the conventional notions about economic development and sheds new
light on its workings. The authors argue that it is essential to
understand the interactions of three major components―economic
specialization, human capital formation, and institutional
factors―to determine how well a regional economy will cope with
new opportunities and challenges. Drawing on economics,
sociology, political science, and geography, they argue that the
economic development of metropolitan regions hinges on previously
underexplored capacities for organizational change in firms,
networks of people, and networks of leaders. By studying San
Francisco and Los Angeles in unprecedented levels of depth, this
book extracts lessons for the field of economic development
studies and urban regions around the world.
challenges many of
the conventional notions about economic development and sheds new
light on its workings. The authors argue that it is essential to
understand the interactions of three major components―economic
specialization, human capital formation, and institutional
factors―to determine how well a regional economy will cope with
new opportunities and challenges. Drawing on economics,
sociology, political science, and geography, they argue that the
economic development of metropolitan regions hinges on previously
underexplored capacities for organizational change in firms,
networks of people, and networks of leaders. By studying San
Francisco and Los Angeles in unprecedented levels of depth, this
book extracts lessons for the field of economic development
studies and urban regions around the world.