The Value of Cities – Why Distance Doesn’t Die
نویسنده
چکیده
As a result, policy too often ignored the significance of the spatial location of activities, or has responded to spatial issues – such as regional policy – by focusing on sectors, on individual firms, or on housing. This article will argue that one of the main reasons for the failure of past policies is the failure to recognise some of the fundamental features of the economy as it is located in space. It will also argue that future success will require the recognition of the needs of the spatial economy and in particular the transport needs of cities. First, I consider why activities are concentrated.
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