Growth, Consumption and Knowledge Cities
Keywords:Growth, Consumption, Knowledge Cities, Innovation, Global Markets
Cities are important centres of service activities and hubs of new knowledge. The changing structure of production and consumption in post-industrial cities has been analysed by building on the recent economic literature in three related fields, such as: the ‘endogenous development’ of industrial clusters, the regional development of knowledge intensive business services and the regional factors of innovation and knowledge creation. The increasing interaction between users and producers for the development of new services within cities creates the internal aggregate demand, which is mainly concentrated within cities, and can be a powerful driver of national growth and the new motor or the drivers of the economy in a modern city.
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