Publication > Part III: Policies for the future > MM2
The hinterland and smaller cities face poor prospects, talented workers leave and sufficient production size may never be reached. Metropolitan Markets is a world where the winning cities take all. Universities are large and offer a wide scope of research opportunities. Size is important to develop new ideas and innovation is mainly done by large companies. These target the development of new goods and services.
The scope of innovation policy is limited are even absent. Companies are large and able to finance innovation activities. There is a lot of knowledge sharing to understand the new GPT. This takes place within large companies that control complete supply chains. This makes venture capitalists more confident that innovation will take place.
Metropolitan Markets (Knowledge economy)
Economic activity is concentrated in dense areas, where economies of scale and scope are optimally exploited. Knowledge development and sharing knowledge is crucial for the development of new and pervasive general purpose technologies.The hinterland and smaller cities face poor prospects, talented workers leave and sufficient production size may never be reached. Metropolitan Markets is a world where the winning cities take all. Universities are large and offer a wide scope of research opportunities. Size is important to develop new ideas and innovation is mainly done by large companies. These target the development of new goods and services.
The scope of innovation policy is limited are even absent. Companies are large and able to finance innovation activities. There is a lot of knowledge sharing to understand the new GPT. This takes place within large companies that control complete supply chains. This makes venture capitalists more confident that innovation will take place.