Florida = Cities and the Creative Class Flashcards
Common knowledge has held that..
growth is driven by companies, firms, and industries regionally that has led to a focus in research on clustering.
So the question is why do firms cluster?
Firms cluster so they can attract concentrations of talented people who power innovation and economic growth.
Communities with weaker ties have been…
replacing the strong bonds between neighbors of the past. This is the modern challenge of the desire for quasi-anonymity
Human Capital Theory
the key to regional growth lies not in reducing the costs of doing business, but in endowments of highly educated and productive people.
The productivity effect comes from…
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the clustering of human capital as the critical factor in regional econ growth.
Creative Capital Theory
identifies creative people as being key to economic growth and identifies the underlying factors that lead to decision making of people.
An area with a strong creative class are often…
centers of innovation and high-tech industry.
Talent has to be attracted so firms should…
focus on that and human capital is a driving force