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Digital Technology and the Mediated City 7. Sites of Knowledge Production 9. Sites of Differentiated Consumption Spaces of Knowledge? Bibliography show more. Rating details. Book ratings by Goodreads. Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book. Close X. They are an amalgamation of specific sub-national geographic spaces but also transnational electronic spaces.
Of increasing importance in the globalised economy is the deep economic history of a place and the specialised economic strengths it can generate. This goes against the common view that globalisation homogenises economies. But it matters more than is commonly assumed, and it matters in ways that are not generally recognised. Globalisation homogenises standards and management models. But it needs specialised economic capabilities.
Knowledge Economy and the City, Spaces of knowledge by Ali Madanipour | | Booktopia
So let me use a case I have researched, the city of Chicago, to illustrate this. Chicago is usually seen as a latecomer to the knowledge economy — having started almost fifteen years later than in New York and London. The typical answer is that Chicago had to overcome its heavy agro-industrial past: its economic history is seen as a disadvantage compared to long-standing trading and financial centres such as New York and London. It was one key source of its competitive advantage.
Knowledge Economy and the City
This is most visible in the fact of its pre-eminence in the futures market built on pork bellies. But these were, and still are, quite different from the expertise required to handle the sectors New York specialised in service exports, finance, and trade. That is not in spite of their economic past as major centres of heavy industry, but because of it.
The state-of-the-art corporate built environment in global cities increasingly functions as infrastructure — it is necessary but indeterminate. We need to understand how and for what it gets used. The specificity of the leading urban knowledge economies means that the particular contents they generate may vary enormously. A homogenised visual order today may actually house an enormous variety of knowledge economies. Its homogeneity arises from the fact that it is state-of-the-art.
But what all cities share is the need for state-of-the-art built environments for work, home and consumption. The most common notion is that globalisation homogenises cities and their built environments, no matter how good the architecture. Today there is a new type of informal economy that is part of advanced capitalism. This in turn explains the particularly strong growth and dynamism of informal economies in global cities. It contributes to explain a mostly overlooked development: the proliferation of an informal economy of creative professional work in these cities, i.
The growth of this new informal economy is also happening in cities of the global south. In those cases, however, the new is often submerged under the older informal economy. The new types of informalisation of work are the low cost equivalent of formal deregulation.
The latter has occurred in finance, telecommunications and most other economic sectors in the name of flexibility and innovation. The difference is that while formal deregulation was costly, and tax revenue as well as private capital went into paying for it, informalisation is low-cost. It is largely enacted on the backs of more vulnerable workers and their households.
Cities and regions in today's global age.
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A detailed focus on Mumbai