Paper 2 - The pendulum in todays current economic landscape...

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The pendulum in today’s current economic landscape is swinging back in the direction of urban living forever reshaping the fiscal geography and reinventing the United States to accommodate accelerated invention, innovation and creation. Even when economic growth has slowed down urbanization has intensified. the shift form the suburbs to the city is underway. The more Thesis: Urbanization has The turn of the 20 th century was marked by the expansion of city populations into the surrounding suburbs. The state of national and international cities over the past several years has been shaken by the recent global economic crisis. As the recession has progressed, the made clear the large-scale changes that will inevitably occur in the structure and livelihood of cities through out the world. These changes however, Over the past few decades, many cities across the United States, as well as globally, have witnessed a general decline. Why did some cities –especially central cities, decline after 1950, and how was this linked to the location of work? -Detriot: One industry city How the Crash will reshape America Suburbanization-and the sprawling growth it propelled-made sense for a time. The cities of the early and mid-20th century were dirty, sooty, smelly, and crowded, and commuting from the first, close-in suburbs was fast and easy. And as manufacturing became more technologically stable and product lines matured during the postwar boom, suburban growth dovetailed nicely with the pattern of industrial growth. Businesses began opening new plants in green-field locations that featured cheaper land and labor; management saw no reason to continue making now-standardized products in the expensive urban locations where they'd first been developed and sold. Work was outsourced to then-new suburbs and the emerging areas of the Sun Belt, whose connections to bigger cities by the highway system afforded rapid, low-cost distribution . This process brought the Sun Belt economies (which had lagged since the Civil War) into modern times, and sustained a long boom for the United States as a whole. But that was then; the economy is different now. It no longer revolves around simply making and moving things. Instead, it depends on generating and transporting ideas. The places that thrive today are those with the highest velocity of ideas,
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This note was uploaded on 02/15/2012 for the course WRT 105 taught by Professor Kleinbart during the Fall '07 term at Syracuse.

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Paper 2 - The pendulum in todays current economic landscape...

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