Tuesday, January 21, 2014
OpEd by Professor Thomas J. Courchene comments on the ascendency of global city regions, in Tuesday's Financial Post.
Canada’s global city regions need more money and powers
The ongoing Informatics Age (a combination of globalization and the knowledge/information revolution) is leading to the economic, political and democratic ascendancy of global city regions (GCRs).
Over a decade ago, globalization guru Kenichi Ohmae proclaimed that the world, economically and in management terms, has become a network of prosperous regions, prosperous “city regions.” On the globalization front this is so because GCRs are the new dynamic economic engines and export platforms that are spearheading the integration into NAFTA and global economic space. On the knowledge front, it is in these GCR’s that one finds the requisite dense concentrations of human capital, R&D and high-value-added services that allow them to become the integrating and coordinating networks that drive trade, growth, innovation and ultimately productivity."