IN 1995 GEORGE GILDER, an American writer, declared that “cities are leftover baggage from the industrial era.” Electronic communications would become so easy and universal that people and businesses would have no need to be near one another. Humanity, Mr Gilder thought, was “headed for the death of cities”.
It hasn’t turned out that way. People are still flocking to cities, especially in developing countries. Cisco’s Mr Elfrink reckons that in the next decade 100 cities, mainly in Asia, will reach a population of more than 1m. In rich countries, to be sure, some cities are sad shadows of their old selves (Detroit, New Orleans), but plenty are thriving. In Silicon Valley and the newer tech hubs what Edward Glaeser, a Harvard economist, calls “the urban ability to create collaborative brilliance” is alive and well.
Excerpt from an article written at The Economist. Continue HERE