This is an exerpt from a new report published by Civil Service College of Singapore, authored by Joel Kotkin with contributions from Wendell Cox, Ali Modarres, and Aaron M. Renn.
Download the full report.
As the world urbanises and more megacities are created, some smaller, focused urban regions are becoming truly critical global hubs, unlike most larger cities, which are simply tied to their national economies. In a new ranking of global cities, CSC Senior Visiting Fellow Joel Kotkin argues that the truly global city is one that is uniquely situated to navigate the global transition to an information-based economy since the influence of industries such as media, culture or technology are the ones that will determine economic power in future. Kotkin also examines the fundamental challenge faced by cities as they achieve global status: the need to balance two identities, a global and a local one. "The world beckons, and must be accommodated, but a city must be more than a fancy theme park, or a collection of elite headquarters and expensive residential towers", he asserts. read more »
Southern California faces a crisis of confidence. A region that once imagined itself as a new model of urbanity – what the early 20th century minister and writer Dana Bartlett called “the better city” – is increasingly being told that, to succeed, it must abandon its old model and become something more akin to dense Eastern cities, or to Portland or San Francisco.
This has touched off a “density craze,” in which developers and regulators work overtime to create a future dramatically different from the region’s past. This kind of social engineering appeals to many pundits, planners and developers, but may scare the dickens out of many residents. read more »
Der Spiegel had an interesting article recently called “Angry Germans: Big Projects Face Growing Resistance.” The article (linked version is English) talks about how it is increasingly difficult to get infrastructure projects built in Germany.
Wherever ambitious construction ventures loom on the horizon in Germany — from the cities to the countryside, from the coastlines in the north to the Black Forest in the south — opponents are taking to the streets…. read more »
In the coming election, we will hear much, particularly from progressives, about inequality, poverty and racism. We already can see this in the pages of mainstream media, with increased calls for reparations for African-Americans, legalizing undocumented immigrants and a higher minimum wage. read more »
This month marks forty-five years since men first left planet earth and set foot on another world. The last man to walk on the moon did so in December, 1972, over four decades ago. It's a good moment to ponder what we haven't done since.
There were six successful landings on the moon, and, almost literally, they barely scratched the surface of that body. The later astronauts had “golf carts” that allowed them to travel short distances, but only a fraction of a percent of the Africa-sized area was directly investigated by humans. To say, as some do, that we shouldn't go back, and should instead go on to Mars, would be like saying that, having touched shore in a half dozen places in the Americas, we should have then ignored those continents and gone on to Asia. read more »
Eric Alexander, the Executive Director of Vision Long Island, seems to be popping up everywhere on Long Island these days. He was recently quoted in The Corridor Magazine’s transportation and infrastructure issue as saying: “Academic conversations about regionalism is a 90s thing.” Similar to his condemnation on “academic” commentary concerning the downtown redevelopment trend, Alexander made it clear in the piece that he feels a local, downtown-centric approach is the way to go. read more »
David Wolff and David Hightower are driving down the partially completed Grand Parkway around Houston. The vast road, when completed, will add a third freeway loop around this booming, 600-square-mile Texas metropolis. Urban aesthetes on the ocean coasts tend to have a low opinion of the flat Texas landscape—and of Houston, in particular, which they see as a little slice of Hades: a hot, humid, and featureless expanse of flood-prone grassland, punctuated only by drab office towers and suburban tract houses. But Messrs. read more »
Ever since the publication this spring of Thomas Piketty’s book “Capital in the 21st Century,” conservatives and much of the business press, such as the Financial Times, have been on a jihad to discredit the author and his findings about increased income inequality in Western societies. Some have even equated growing attacks on inequality with anti-Semitism, with at least one Silicon Valley venture capitalist, Tom Perkins, comparing anti-inequality campaigners to Nazis. read more »
What if they gave a recovery, and the middle class were never invited? Well, that’s an experiment we are running now, and, even with the recent strengthening of the jobs market, it’s not looking very good.
Over the last five years, Wall Street and the investor class have been on a bull run, but the economy has been, at best, torpid for the vast majority of the population. Despite blather about our “democratic capitalism,” stock ownership is increasingly concentrated with the wealthy as the middle class retrenches. The big returns that hedge funds, real estate trusts or venture capitalist receive are simply outside the reach of the vast majority. read more »