Comment 42010

By Mahesh_P_Butani (registered) - website | Posted June 15, 2010 at 23:10:03

How can we get businesses to build their base in Hamilton? What do we need to do to move away from the industrial and progress into technological and commercial? .....How do we attract or develop the people businesses want and need? - Rene & Kiely

"Knowledge-based growth is the growth of an evolutionary system, not simply a Newtonian balance of supply and demand that always seeks equilibrium. The evolutionary framework implied by knowledge-based growth means that both the micro behavior of economic actors (firms, workers, and consumers) and the overall path of economic development can be pictured by invoking analogies to biological evolution". - Joseph Cortright, Economist, Impresa

We have to create pervasive conditions for this kind of organic evolution to occur in our city, in order to attract the kind of people - who will create and even attract the kind of companies that will help us shift from the industrial to the knowledge economy.

Fortunately, this has already started to happen in a small way in our city.

Here are a two defining views that can help us to expedite these conditions by understanding the unpredictability and complexities of "externalities" that are rarely factored into most development and transportation plans - let alone grand plans which are designed to be a 'polis' or a 'district'.

"Fortune Favors the Bold" ~ Lester C. Thurow, 2003

"Transportation in Contemporary Society: A Complex Systems Approach" ~ Joseph M. Sussman, March 2010

Comment edited by Mahesh_P_Butani on 2010-06-15 22:14:23

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