We want your feedback! Complete the 2022 Newsletter Subscriber Survey and you can go into the draw to win: 2x $200 vouchers, 3x My APO+ memberships, and a ticket to EIS 2023.
Conference paper
Resources
Attachment Size
apo-nid309385.pdf 183.03 KB
Description

An understanding of the economic base of cities is necessary for their effective management. We need to develop both the economic tools and the policy expertise necessary for that purpose. Substantial informational, analytical and structural constraints limit our current capacity to steer, let alone control, the modern urban economy. Arguably, our ignorance and impotence in respect of the urban economy is surpassed only by our failings in the realm of urban ecology. To redress this situation is the major challenge currently facing urban economists.

The task, first and foremost, is to understand the processes of change that are re- shaping cities – the big shifts in the sectoral and spatial forms of capital investment and employment, rapid technological changes, property price inflation, growing land use problems and transport stresses, and the various tensions between economic interests and environmental quality.

So when facing the challenge to understand and re-shape the economic forces impacting on our cities we need to do some fundamental rethinking. This paper makes four small steps in that direction by: (i) reflecting on how we might analyse the fundamental drivers of capital accumulation that shape our cities; (ii) considering how those processes are being changed by globalisation, in conjunction with the growth of consumerism and neo-liberal economic policies; (iii) analyzing the principal policy challenges thrown up by the resulting contradictions in contemporary urban change; and (iv) reflecting on the implications for future directions in Australian urban research.

Publication Details
Peer Reviewed:
Yes
Access Rights Type:
open