Showing posts with the label city development

The Interactivity within Economic Hubs Produces Financial Value

The value of an economic hub is its ability to draw in new resources and convert them to higher value products for exportation. The economic value of a system can be seen as the total value of exports minus the total value of imports. In other words, the cost of materials and production input should be of lower value than the export of higher end value products. Effective hubs create value by using their connections and resources in an effective manner to generate sustainable financial resources. Markets have large, medium and small businesses that contribute to the development of strong hubs through the interaction of resources, communication (business and social), and innovation that turns lower value inputs into larger exports. The more effectively the business and social community can work together the more the economic system can grow for the benefit of all members. In the diagram these transactions are noted in blue and may be larger or smaller based upon the value

Economic, Social, and Environmental Resilience of Cities

Creating sustainability within cities can be difficult. A paper by Luigi Fusco discusses how cities can develop economy synergy by fostering creativity, resilience, and sustainability (2011). His work is more focused on port cities but does highlight the concept that human elements are important considerations in the development of cities that will survive change.   These factors may actually be measured to help ensure that cities are moving in the right direction.  Creativity is a powerful energy source for redevelopment. With creativity people can solve problems, develop new products, and find new ways to doing things. This creativity helps develop an economic engine with new ideas and marketable solutions.  Synergy can be seen as the relation principles that help discus the interconnected nature of business and people. As businesses and people connect together they develop interactions that can enhance the economic system. Synergy is based on these social and business