Urban Centers Key to Economic Recovery

A new Brookings Institute report points to urban centers as key for growing a "new" American economy.

Bruce Katz, Director of the Metropolitan Policy Program at the Brookings Institution, notes that roughly two thirds of America's population and 74% of it's GDP can be attributed to the largest 100 metropolitan areas.

According to Katz, intense concentration of intellectual capital and the resulting network effects are the key to modern economic growth: "It explains why Silicon Valley and Boston lead the world in technological innovation, why San Diego and Indianapolis are global players in life sciences and why Wichita, Kans., and Portland, Ore., specialize in advanced manufacturing and exports."

Katz also details the cultural and political aversion to the city: "A powerful segment of our popular culture and political leadership still paints us into the corner of quaint small towns rather than embracing a network of dominant metro economies". He does, however, note an improvement in policy under the Obama administration.

Thanks to Ryan Sloan

Full Story: Investing in urban centers key to growing new U.S. economy: Brookings

Comments

Comments

Link choice

I find it difficult to understand why you would link to a newspaper article about the report, rather than the report itself. The article basically consists of an assortment of quotes, presumably taken straight from the report, but no link to the report or even mention of a searchable title. This is very inconvenient.

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