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The Development of the Successful City in the Knowledge Economy: Toward the Dual Role of Consumer Hub and Knowledge Hub

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  • Lara Penco

Abstract

The purpose of this paper is to analyze the urbanization phenomenon and to present the characteristics of the city in the knowledge era. In the knowledge era, we argue that a successful city assumes the role of: (a) a knowledge hub, because large cities host high-tech industries, corporate headquarters of multinational companies, higher education and research institutions, and knowledge-intensive business services, including consulting, financial services and insurance, legal services, and accounting and (b) a consumer hub, which generates consumption, especially of an intangible nature such as services, culture, entertainment, and products which spread culture and knowledge (e.g., fashion and design products). This paper aims to provide a conceptual framework to understand the key factors (education systems and research, development of institutions providing services, logistic infrastructures, and so on) useful to the development and success of the city; in this framework, we distinguish between built-in assets and dictated policies. We examine one specific Italian city (Genoa) that has evolved as a knowledge and consumer hub. Copyright Springer Science+Business Media New York 2015

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  • Lara Penco, 2015. "The Development of the Successful City in the Knowledge Economy: Toward the Dual Role of Consumer Hub and Knowledge Hub," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 818-837, December.
    • Handle: RePEc:spr:jknowl:v:6:y:2015:i:4:p:818-837
    DOI: 10.1007/s13132-013-0149-4
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    References listed on IDEAS

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    1. W.F. Lever, 2002. "Correlating the Knowledge-base of Cities with Economic Growth," Urban Studies, Urban Studies Journal Limited, vol. 39(5-6), pages 859-870, May.
    2. Ivan Turok, 2008. "A New Policy for Britain's Cities: Choices, Challenges, Contradictions," Local Economy, London South Bank University, vol. 23(2), pages 149-166, May.
    3. David L. McKee & Yosra A. McKee, 2004. "Edge cities, urban corridors and beyond," International Journal of Social Economics, Emerald Group Publishing, vol. 31(5/6), pages 536-543, May.
    4. Edward L. Glaeser & Joshua D. Gottlieb, 2006. "Urban Resurgence and the Consumer City," Urban Studies, Urban Studies Journal Limited, vol. 43(8), pages 1275-1299, July.
    5. Evers, Hans-Dieter & Gerke, Solvay & Menkhoff, Thomas, 2010. "Knowledge Clusters and Knowledge Hubs: Designing Epistemic Landscapes for Development," MPRA Paper 33956, University Library of Munich, Germany, revised 08 Oct 2011.
    6. Romer, Paul M., 1990. "Human capital and growth: Theory and evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 251-286, January.
    7. Todd Gabe & Jaison R. Abel, 2011. "Agglomeration of Knowledge," Urban Studies, Urban Studies Journal Limited, vol. 48(7), pages 1353-1371, May.
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    Cited by:

    1. Enrico Ivaldi & Lara Penco & Gabriele Isola & Enrico Musso, 2020. "Smart Sustainable Cities and the Urban Knowledge-Based Economy: A NUTS3 Level Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(1), pages 45-72, July.
    2. Christian Corsi & Antonio Prencipe, 2018. "The Contribution of University Spin-Offs to the Competitive Advantage of Regions," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(2), pages 473-499, June.

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