Michael Porter - New Strategies for Inner City Econ Dev

Question 1

Employment opportunities are a linchpin for…

Answer 1

the success of virtually all other programs designed to improve human capabilities, values, and attitudes in distressed communities.”

Question 2

Porter is writing in contrast to …

Answer 2

programs that focus on meeting residents and immediate needs, such as Empowerment Zones, rather than those which generate opportunity and in turn give them the opportunity to be their own responsibility. (sees as paternalistic)

Question 3

Porter argues that…

Answer 3

inner city will not be able to compete if low-cost labor and cheap real estate are their only advantage.

Question 4

What are the four genuine competitive advantages of urban areas.

Answer 4

1. ) Strategic Location
2. ) Integration with regional clusters.
3. ) Unmet local demand
4. ) Human Resources