Saturday, 3 May 2014

Week 9.1 - Agglomeration theory

The degree to which a city can be considered sustainable can measured through economic factors, e.g. the ability to attract educated workers. Such facets allow the productivity of a city to be maximised, and are dependent upon appropriate infrastructure, specifically, an efficient public transport network. This is due to the fact that notions of agglomeration theory dictate that industries are more productive/ profitable when clustered, and therefore see that they are inclined to follow trends of consolidation. In saying this, Sydney's lack of an efficient public transport network is cause for concern. By preventing processes of consolidation and, in turn, agglomeration theory, industry growth will be stunted, or alternatively, have no option but to spread outwards. Subsequently, negative externalities associated with this process, including, but not limited to the inability to attract educated workers, are factors which will prove detrimental to the long term viability of the city at large.

Wade, M, 2014. Smart cities need good transport to lure wise workers. The Sydney Morning Herald, 23 April. 19.

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