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Half hour podcast / interview with Richard Florida talking about the Great Reset, which exerts certain pressures or forces:
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Among these forces will be:
* new patterns of consumption, and new attitudes toward ownership that are less centered on houses and cars
* the transformation of millions of service jobs into middle class careers that engage workers as a source of innovation
* new forms of infrastructure that speed the movement of people, goods, and ideas
* a radically altered and much denser economic landscape organized around
* "megaregions" that will drive the development of new industries, new jobs, and a whole new way of life
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"While there are 191 nations in the world, just 40 significant mega-regions power the global economy. Home to more than one-fifth of the world's population, these 40 megas account for two-thirds of global economic output and more than 85% of all global innovation."
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Interesting idea: that mega-regions are actually more significant as drivers than nation-states when discussing economic competitiveness.
This is one of a series of posts by Florida in response to an article by Paul Krugman, who is sceptical of Florida's theories around mega-regions powering the world's economic engines. Lots of interesting ideas here.
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It is also increasingly clear that urbanization, in general, is an important component of productivity. Careful studies of US-Canadian regional productivity and competitiveness by my colleague Roger Martin and the Institute for Competitiveness and Prosperity show that urbanization is a key component of the difference. Anyway you slice it urbanization is important to economic growth.
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agent-based models which show how clusters, then cities, then metros and then mega-regions form based on these human capital externalities.
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