This implies that large cities with more choices will attract high-income households that value variety. Members of these high-income households also tend to be high-skill individuals. Their presence supports cities’ new function as incubators of new ideas and innovation. In “The Economic Role of Cities in the 21st Century,” Jerry Carlino focuses on the economic activities that make firms in cities more productive and that make cities more attractive to urban households.
This article appeared in the Third Quarter 2005 edition of Business Review.View the Full Article