What type of knowledge/creative economy should a city create?
“…the type of global city Toronto becomes, according to Ms. Sassen, is intimately tied to its past. “The deep economic history of a place matters for the type of knowledge economy a city or city-region winds up developing.” Hence, high finance and high-tech manufacturing are naturals for Toronto; the opportunity is Toronto’s to waste.” [Globe and Mail] This last point is interesting because it speaks to the importance of place. Despite globalization and increasing inter-connectedness, the DNA of a city matters. So what are the takeaways? First, Toronto is in an enviable position. Despite its global position, Toronto consistently ranks high on quality of life indices (except Monocle’s Quality of Life Index). The city is growing; it has one of the highest immigration rates in the world. More than 50% of the population is now foreign born and yet the city remains remarkably tolerant of its diversity. The city has the prerequisites for future prosperity, it just needs to capitalize upon it
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- What type of knowledge/creative economy should a city create?
