Questions and Answers
100% Verified
Cities formed at Break-bulk Point -
✔✔✔-»»A station or point at which all
or portions of a truckload, boatload,
or carload are unloaded and
distributed
The Future of Cities (start of Triumph
of the City) - ✔✔✔-»»Centrality of
Globalization
,Centrality of Globalization - ✔✔✔-
»»1. Globalization has brought huge
returns to idea-producing
entrepreneurs
2. For this reason cities as engines of
innovation
3. Cities serve as critical nodes in the
global economy
Globalization has brought huge
returns to idea-producing
entrepreneurs - ✔✔✔-»»1. cities
produce a chain of interconnected
ideas
2. cities are the absence of physical
space between people and
organizations
,3. cities offer proximity, density,
closeness
For this reason cities as engines of
innovation - ✔✔✔-»»1. "our species
greatest invention"
2. ideas more easily transferrred from
person to person in dense urban
spaces
3. Strength comes from human
collaboration
4. central reason behind civilization's
success
5. primary reason why cities exist
Within global economy cities offer -
✔✔✔-»»1. Transportation Hubs
2. Economies of Scale
3. Human Capital Formation
, 4. Centers for Communication
Transportation Hubs - ✔✔✔-
»»typically at break-in-bulk points
Economies of Scale - ✔✔✔-»»1.
large city size makes it easier to
cover fixed costs of large investments
2. spreads costs over a large number
of people
Human Capital Formation - ✔✔✔-
»»1. human capital more important
than physical infrastructure in
explaining a city's success
2. as share with college degree
increases by 10%, gross metro
product increases by 22%