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- Title
Alternative Economic Policies for the Revitalization of U.S. Central Cities.
- Authors
Chandler, Cleveland A.; David, Wilfred L.
- Abstract
The article evaluates alternative economic policies for the revitalization of central cities in the U.S. The formulation of suitable policies and strategies for improving the economic viability of U.S. central cities constitutes one of the most crucial tasks facing policymakers in the urban field. The problem has become increasingly severe for the large number of central cities in the North East, North Central, and Western states. The basic issue is one of determining the character, dimensions, and magnitudes of policies that will reverse the process of cumulative decay and propel urban core areas into a new orbit of self-sustaining development. The central city can be considered the core of a metropolitan area or of other functional economic regions encompassing one or more states that make up the nation. In recent times questions have been raised pertaining to what constitutes the proper unit of urban analysis--the central city, Standard Metropolitan Statistical Areas. The dynamics of any socioeconomic system can be explained by the fact that there is usually circular causation among its endogenous conditions, that is, if one condition changes, others will change in response. The process of revitalization requires the creation of conditions which would bring about self-sustained economic development. An important determining factor here is the employment process which in turn depends on the industrial structure, the nature of human capital formation and related factors which are well-known.
- Subjects
UNITED States; INNER cities; CITIES &; towns; ECONOMIC policy; ECONOMIC development; STANDARD metropolitan statistical areas; SOCIOECONOMICS
- Publication
American Economic Review, 1979, Vol 69, Issue 2, p288
- ISSN
0002-8282
- Publication type
Article