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Economic Impact: The City as a Social Portfolio « The Captured Perspective - The Diigo Meta page

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lampertina
Lampertina bookmarked on 2009-03-04 captured_perspective peter_boumgarden richard_florida social_capital cities diversity economics

Great 'Captured Perspective' blog post by Peter Boumgarden, who comments on Richard Florida's Atlantic Monthly piece:
QUOTE
"...cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity. Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure. In this way, a city might best be conceived a social portfolio.
UNQUOTE

  • What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity.  Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure.  In this way, a city might best be conceived a social portfolio.

  • What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity.  Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure.  In this way, a city might best be conceived a social portfolio.


    What you have in a city like Detroit (or unfortunately, many mid-major Midwestern cities, St. Louis included) is a poor social portfolio- resulting from a significant lack of industry diversity, and a lack of concentrated interaction among any diversity. Taken together, these cities are both at higher risk of collapse given the right conditions, and a lower ‘risk’ of growth and innovation.

  • What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity.  Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure.  In this way, a city might best be conceived a social portfolio.


    What you have in a city like Detroit (or unfortunately, many mid-major Midwestern cities, St. Louis included) is a poor social portfolio- resulting from a significant lack of industry diversity, and a lack of concentrated interaction among any diversity. Taken together, these cities are both at higher risk of collapse given the right conditions, and a lower ‘risk’ of growth and innovation.

This link has been bookmarked by 1 people . It was first bookmarked on 04 Mar 2009, by Yule Heibel.

  • 04 Mar 09
    lampertina
    Yule Heibel

    Great 'Captured Perspective' blog post by Peter Boumgarden, who comments on Richard Florida's Atlantic Monthly piece:
    QUOTE
    "...cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity. Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure. In this way, a city might best be conceived a social portfolio.
    UNQUOTE

    captured_perspective peter_boumgarden richard_florida social_capital cities diversity economics

    • What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity.  Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure.  In this way, a city might best be conceived a social portfolio.

    • What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity.  Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure.  In this way, a city might best be conceived a social portfolio.


      What you have in a city like Detroit (or unfortunately, many mid-major Midwestern cities, St. Louis included) is a poor social portfolio- resulting from a significant lack of industry diversity, and a lack of concentrated interaction among any diversity. Taken together, these cities are both at higher risk of collapse given the right conditions, and a lower ‘risk’ of growth and innovation.

    • 1 more annotations...

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