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From ‘Blue Banana’ To ‘Red Octopus’ And The Development Of Eastern And Southern European Cities: Warsaw And Lisbon

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  • METAXAS, Theodore
  • TSAVDARIDOU, Maria

Abstract

The documentation of the enlargement and transition to the economic growth of European cities from the pole of Central Western Europe known as Blue Banana (London-Milan) to a new frame called Red Octopus which designates the European metropolis as important economic centers of Central East Europe, South Europe and mainly the Iberian Peninsula is the aim of this article. The case studies of Warsaw and Lisbon will be analyzed by focusing on their course to competitiveness during 1990-2010 which had as a result to be included in the list of the top 20 investment destination of Europe. The conclusion by the analysis of these case studies shows that the main factors that contributed to a successful course of the two cities were the strategic planning, the development of partnership between public and private sector and the adaptation and implementation of innovative development plans which had as target the international promotion of the image of the two cities.

Suggested Citation

  • METAXAS, Theodore & TSAVDARIDOU, Maria, 2013. "From ‘Blue Banana’ To ‘Red Octopus’ And The Development Of Eastern And Southern European Cities: Warsaw And Lisbon," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 15-30.
    • Handle: RePEc:eaa:eerese:v:13:y2013:i:1_2
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    Cited by:

    1. Ganev, Georgy, 2017. "Chapter 13. Economics," MPRA Paper 103426, University Library of Munich, Germany.
    2. Melissa R. McHale & Steward T.A. Pickett & Olga Barbosa & David N. Bunn & Mary L. Cadenasso & Daniel L. Childers & Meredith Gartin & George R. Hess & David M. Iwaniec & Timon McPhearson & M. Nils Pete, 2015. "The New Global Urban Realm: Complex, Connected, Diffuse, and Diverse Social-Ecological Systems," Sustainability, MDPI, vol. 7(5), pages 1-30, April.
    3. Marko Danon, 2014. "Constructing a Novel Competitiveness Index for European Regions," GREDEG Working Papers 2014-42, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Marie-Line Duboz & Nathalie Kroichvili & Julie Le Gallo, 2019. "What matters most for FDI attraction in services: country or region performance? An empirical analysis of EU for 1997–2012," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 63(3), pages 601-638, December.

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    More about this item

    Keywords

    Urban development; European cities; investment destinations; Warsaw; Lisbon;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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