Before the mid-20th century no one would have thought to ask such a question. The market power of cities was manifest.
Places like New York and Chicago dominated the U.S. economy. Mid-sized and smaller cities hummed with people and industry. But over the past 50 years things have changed. The American metropolis has shifted toward low-density development that is less dependent on the urban core, and the market power of cities is now contested. Still, the answer to whether cities have a future in the marketplace is a resounding "yes." Cities retain surprising strength regarding their density, infrastructure, and central location that will position many of them to compete effectively in the new metropolitan economy.
Thanks to Chris Steins
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