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Cities Today: A New Frontier for Major Developments

Author

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  • Saskia Sassen

    (Committee on Global Thought at Columbia University)

Abstract

The article examines several major structural trends contributing to the shift from the Keynesian routinized city to the strategic city that begins to emerge in the 1980s. Among the trends examined is the growth of the firm-to-firm economy, which includes corporate and industrial services as well as “urban manufacturing.†These kinds of services tend to be produced in cities, even when the firms being served are nonurban, such as mines, steel plants, or large factories. A second key, and counterintuitive, trend is the ongoing importance of spatial centrality for our most advanced economic sectors. The more globalized and digitized a sector becomes, the more its firms suffer from incomplete knowledge about their markets. Urban centrality enables the making of what the author calls urban knowledge capital: a collective production that is more than the sum of the knowledge of the professionals and the firms present in a city.

Suggested Citation

  • Saskia Sassen, 2009. "Cities Today: A New Frontier for Major Developments," The ANNALS of the American Academy of Political and Social Science, , vol. 626(1), pages 53-71, November.
    • Handle: RePEc:sae:anname:v:626:y:2009:i:1:p:53-71
    DOI: 10.1177/0002716209343561
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    References listed on IDEAS

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    1. Kathe Newman, 2009. "Post‐Industrial Widgets: Capital Flows and the Production of the Urban," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(2), pages 314-331, June.
    2. Jesus Hernandez, 2009. "Redlining Revisited: Mortgage Lending Patterns in Sacramento 1930–2004," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(2), pages 291-313, June.
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    Cited by:

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    2. Riccardo Crescenzi & Simona Iammarino & Carolin Ioramashvili & Andres Rodriguez-Pose & Michael Storper, 2019. "The Geography of Innovation: Local Hotspots and Global Innovation Networks," WIPO Economic Research Working Papers 57, World Intellectual Property Organization - Economics and Statistics Division.
    3. Gabriella Cioce & Ian Clark & James Hunter, 2022. "How does informalisation encourage or inhibit collective action by migrant workers? A comparative analysis of logistics warehouses in Italy and hand car washes in Britain," Industrial Relations Journal, Wiley Blackwell, vol. 53(2), pages 126-141, March.

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