The New Economy of the Inner City Thomas A Hutton

The New Economy of the Inner City
Thomas A Hutton

p.1 ‘The spatial configuration of the postindustrial city incorporated a markedly asymmetrical core, comprising a high-growth central business district corporate office complex, and terrains of disinvestment and deindustrialization within the CBD fringe and inner city

1990s ‘saw the emergence of new industries and labour among advanced societies, subsumed variously within the rubrics of the New Economy, the cultural economy of the city, and the knowledge based economy’

p.2
New Economy also cooexists with old economy

Changes from Chicago school model
1. Suburban areas now showing ‘increasing social and industrial variegation’
2. Cities no longer regional centre places but ‘critical base points of globalization’
3. postindustrial city

New Economy
Knowledge based, enhancements of human capital, technology, cultural economy
Means spatial, structural, social and land use consequences
(Graham and Marvinàs 2001 ‘splintering urbanism’)
New Economy and cultural economy concentrated in inner city

p.7 New Economy is ‘relatively new, creative and technology-based industries such as communications, consultants, computer software design, computer graphics and imaging, computer networking and Internet Services.’ Also advertising, architects, fashion design, graphic artists, designers, industrial design, film, music and print media.
Or ‘high value cultural products’

Reoganisation of inner city space with new primary production sites, place based production networks and sets of linked industries

p.8 new industry formation seen as revival of inner city industrial sites

p.9 ‘new industry formation in the inner city can play a part in the reconfiguration of the metropolitan core’s space-economy, redressing to some extent the spatial imbalance of the postindustrial core which heavily favoured the corporate complex of the CBD, and partially offsetting job losses in central city industries and occupations.’
Also local area regeneration – start ups, infrastructure, jobs, supply and contracting

p. 10 Flora (2002) creation fo creative class

p.39
Reconstruction of economic space
Forces reshaping the production economy of metropolitan core in postwar era, inc corporate office complex in CBD (densest employment district), collapse Fordist production and labor in inner city

p.73 London
City spatially constrained but can grow with policies allowing higher buildings
Westminister and Camden creative industries with concentrations boutique hedge funds Mayfair, film and video production or graphic design and advertising soho plus New Economy. Canary Wharf. Industries next to Heathrow. Bankside cultural enclave.

p.74 ‘the historic bipolar spatiality of london’s economyt, concentrated in the cities of London and westminister, has thus been supplanted since the 1980s by an increasingly polynucleated structure’ (although City still densest wealth creator centre in Europe)

p.100
‘London’s inner city can be characterized by a uniquely rich and diverse structure of production regimes (pre fordist, fordist and post fordist), indusyries and labour, exhibiting important developmental continuities as well as disjuncture.’ But in last 40 years ‘deep swings defining its development trajectory’
New Economy of inner city is ‘less stable, subject to recurrent abbreviated restructuring processes, punctuated by recessions and downturns, and increasingly vulnerable to the vaguaries of London’s propert market’
‘the London property ,arket is crucial to the fortunes of industry and employment

p.138
boroughs leaders rather than followers. NGOs also active, relationships with local actors. Mayor and gla

p.141 emergence of new industries could be revival of identitits of former London boroughs (Hoxton, Shoreditch, Bermondsey Clerkenwell) ‘onve vital and highly distinctive industrial and social plavces withint the burgeoning London metropolis of the nineteenth and early twentieth centures and now recalled to life as centes of experimentation, innovation, and cultural class,’

Singapore, San Francaisco, Vancouver,

p.278-9
‘Recombinant economy of the inner city’ means complex if industries, firms and institutions situated within evolving twenty first century metropolitan core. Multilayered construction of inner city’s economy as recombinant, shaped by comlex synergies, sytheses and interdependencies.

p.279-281
find labour and industries assoc with each of restructuring episodes of past two decades
copresence of old and new industries
hybridized occupations with high level design skills and technical capacity is additional aspect of recombinant
sythesis of goods production with services functionsnew industry sites show social as well as economic reproduction of space
localised production systems, positioned within more extended metrolpolitan and regional production chains. Usr fo internet for sourcing inc staff
complex connections new industries and local housing markets

p. 282
structures of metropolitan core economy

collapse fordist manufacturing
rapid expansion of specilized services high value concentrated in cbd

p.291
‘the mayor of London, ken livingstone, who had led the struggle against postindustrialism in the 1980s, now embtraced london’s global status and the commercial imperatives incumbent with this vocation, vigorously supporting high rise offices and greater commercial density as a means of generating revenues for housing and enhancing london’s sustainable development.’