Cities in Today’s Global Age

Abstract

As recently as the 1970s, many of our great cities were in physical decay and losing people, firms, and economic clout. New York was officially bankrupt, and so was Tokyo; London was informally bankrupt. As we moved out of the 20th century and into the 21st, however, a rapidly growing number of cities had reemerged as strategic places for a wide range of activities and dynamics. Critical, and partly underlying all the other dimensions of this reemergence, has been the new economic role of cities in national economies and in an increasingly globalized world.

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