This link has been bookmarked by 3 people . It was first bookmarked on 31 Mar 2008, by Will Richardson.
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31 Mar 08
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Today's global economy is spiky. What's more, the tallest spikes, the cities and regions that drive the world economy, are growing ever higher while the valleys, with little economic activity, recede still further.
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Geographic concentration encourages innovation because ideas flow more freely, are honed more sharply, and can be put into practice more quickly when innovators, implementers, and financial backers are in constant contact. Creative people cluster not simply because they like to be around one another or prefer cosmopolitan centers with lots of amenities (though both things tend to be true). They cluster because density brings such powerful productivity advantages, economies of scale, and knowledge spillovers.
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The main difference between now and a couple of decades ago is that the economic and social distance between the peaks has gotten smaller.
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Only by understanding that the world is not flat can we begin to address the greatest political challenge of our time: how to raise the valleys of the spiky world without sacrificing the peaks.
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