Journal article

On the growth dynamics of cities and regions - seven lessons. A Canadian perspective with thoughts on regional Australia

Journal
Economic development Income Australia
Resources
Attachment Size
apo-nid159636.pdf 970.75 KB
Description

Seven trends/lessons in regional development are reviewed, taking Canada as reference point: 1) the forces of agglomeration will not lessen; 2) top cities will remain so; 3) distance continues to matter; 4) costs matter, a driver of non-metropolitan growth; 5) market access increasingly matters; 6) as do naturally amenities (sea and trees), but constrained by distance; 7) natural resources are a double-edged sword, both a driver of growth and possible impediment. For regional Australia, as for peripheral Canada, the chief discriminant factor is lesson 3 (distance). The transport costs for goods and information have fallen. But, relative distances have not changed. The cost of transporting people - prime input into knowledge-intensive production - has not fallen, and has arguably risen as the opportunity cost of time rises. The essential distinction is not between metropolitan and non-metropolitan areas, but between those that are close and those that are far.

Publication Details
Volume:
19
ISBN:

1324-0935

Issue:
No. 1
Publication place:
Armidale, NSW