City mercantilism and consequences
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Urban areas compete with one another for people, goods, capital, ideas and other inputs of economic activity. Under the rubric of globalization, instead of only maintaining or improving the initial stock of assets in a city, the power of a place to attract outside flows of economic activity from elsewhere is increasingly important to economic development. Similarly, global or world cities are characterized as the command and control points through which these global economic flows operate.
Globalization has increased the role of a country's capital city as an agent of cross-national cooperation.
This Research Bulletin has been published in Cities , 19 (4), (2002), 231-241. doi: 10.1016/S0264-2751(02)00020-3 Please refer to the published version when quoting the paper. (Z) P.J. Taylor, D.R.F.
<img src=http://x3.extreme-dm.com/z/?tag=nickt&p=http%3A%2F%2Fwww.washingtonmonthly.com%2Ffeatures%2F2002%2F0205.green.html&j=n height=1 width=1> Purchase Richard Florida's related book As I walked across the campus of Pittsburgh's Carnegie Mellon University one delightful spring day, I came upon a table filled with young people chatting and enjoying the spectacular weather.