The Impact of Culture and Urban Life-Cycle on The Economic Development of City

Boskov, Tatjana and Kovacevski, Dimitar and Klicek, Tamara and Dimitrov, Nikola (2018) The Impact of Culture and Urban Life-Cycle on The Economic Development of City. IJIBM International Journal of Information, Business and Management, 10 (1). pp. 284-295. ISSN 2076-9202 (Print)/2218-046X (Online)

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Cities are so relevant to modern economy and society and it is argued that their performance determines the destiny of entire regions. Conversely, sustainable development requires that cities themselves are sustainable (Jones and Watkins, 1996). Cities are the places where unbalance in the use of resources is most evident (they consume more resources than they generate), but at the same time they are the core of economic and societal innovation (Petrevska, 2012). One such aspect is culture. Culture is an engine of social development and economic growth, but at the same time it may be affected or even destroyed in the process. Sustainable urban development makes it necessary to strike a balance, achieving the maximum of development opportunities and preserving at the same time the assets and the intangible elements that constitute the cultural identity of a city. The paper focuses on the conceptualization and analysis of the effects of culture on the economic development of City of Skopje. It moves from the recognition that culture is a key ingredient of post-industrial, information-intensive economic activity. A culture-oriented economic development is subject to strong endogenity, modifying continuously the original conditions that make places culturally rich and viable as creative hubs (Landry, 2000). Thus COED is potentially short-lived and may bring to irreversible changes in the urban environment: the erosion of social capital, the dispersion in space of cultural activities and the consequent decreasing of clustering effects, and ultimately the fading of local cultural identity and “uniqueness”. Urban policy should be careful to accompany the COED process making sure that these limits are never reached. Physical and cultural planning, social and educational policies, infrastructure projects and the implementation of innovative forms of governance and networking may achieve these objectives, but the policy context is made fuzzier and more complex by the unconventional nature of economic and social processes underlying cultural activities and creative production. From the reference to the COED model, cities can learn what should be the philosophy of initiatives in the public realm, what results may be expected, and what is the time-horizon that needs to be adopted in policy documents.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tatjana Boskov
Date Deposited: 06 Nov 2017 10:05
Last Modified: 06 Nov 2017 10:05

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