📊 Shadows of Agglomeration: How Megacities Impact Neighboring Regions
Agglomeration is a phenomenon where large cities concentrate resources, people, and capital, influencing the development of adjacent areas. Historical research by Richard Hornbeck, Guy Michaels, and Ferdinand Rauch demonstrates that this is not a new process: similar effects were observed in ancient times, such as in Mediterranean port cities.
🌍 Key Findings of the Study:
• Large cities benefit from economies of scale, enhancing productivity and fostering innovation.
• However, resource concentration suppresses economic activity in surrounding regions, limiting their growth potential.
• Balanced regional development strategies are essential to mitigate these adverse effects.
📈 Modern Parallels:
Cities like New York and London continue to centralize economic activity, leaving neighboring regions in their shadow. This calls for innovative approaches to stimulate growth in suburban and rural areas.
👉 Read the full analysis and expert insights from Aitjan Meirembayev on our website!
https://economy.kz/?p=10655&lang=en
Agglomeration is a phenomenon where large cities concentrate resources, people, and capital, influencing the development of adjacent areas. Historical research by Richard Hornbeck, Guy Michaels, and Ferdinand Rauch demonstrates that this is not a new process: similar effects were observed in ancient times, such as in Mediterranean port cities.
🌍 Key Findings of the Study:
• Large cities benefit from economies of scale, enhancing productivity and fostering innovation.
• However, resource concentration suppresses economic activity in surrounding regions, limiting their growth potential.
• Balanced regional development strategies are essential to mitigate these adverse effects.
📈 Modern Parallels:
Cities like New York and London continue to centralize economic activity, leaving neighboring regions in their shadow. This calls for innovative approaches to stimulate growth in suburban and rural areas.
👉 Read the full analysis and expert insights from Aitjan Meirembayev on our website!
https://economy.kz/?p=10655&lang=en