Sassen, Saskia (2013) Unlike Detroit, Chicago’s diversified industrial base has helped it to successfully switch from a material to a knowledge economy. LSE American Politics and Policy (USAPP) Blog (02 Sep 2013). Website.
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Abstract
In recent decades, some cities with a strong history of manufacturing have been able to make the switch to a strong knowledge economy, and thus have maintained a relative level of economic prosperity in the current economic climate. In the wake of the city of Detroit’s filing for bankruptcy, Saskia Sassen looks at how a city that was once economically very similar – Chicago – has made that successful transition. She argues that the gearing of Chicago’s agro-industrial economy, and its associated financial and legal support services, towards international markets have allowed it to succeed in its transition to a knowledge economy. Detroit, on the other hand, has been historically dominated by the automotive industry, and has not been able to redeploy its knowledge and practices in the same way.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/usappblog/ |
| Additional Information: | © 2013 LSE USAPP |
| Divisions: | Sociology |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor J Political Science > JK Political institutions (United States) J Political Science > JS Local government Municipal government |
| Date Deposited: | 23 Jun 2014 13:49 |
| Last Modified: | 11 Dec 2024 13:20 |
| URI: | http://eprints.lse.ac.uk/id/eprint/57202 |
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