Schroders: Investing in "Brain Cluster" Cities
Although 80% of the world’s economic growth comes from cities, within that there’s a very different story. There are certain post-industrial cities with a strong manufacturing base that are doing less well. So even though these cities have huge scale and population, there is really nothing driving their economies forward.
13.06.2017 | 15:12 Uhr
On the other side of the coin, when you look at a city like Seattle on the west coast of the US we can see a city which typifies what we look for.
Seattle has a very strong innovation centre. It is what we describe as a “brain cluster”, where technology and research institutes meet and drive the new economy forward.
Effectively you get a self-fulfilling prophecy where strong job creation creates further economic activity. This in turn draws people into that city and really drives the city's economy forward.
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