Cities as Engines of Economic Growth
Professor Nollen will apply a business perspective to the question of how to make cities competitive. What do cities need to become globally competitive? What can city leaders do to generate sustainable economic growth through the channel of attracting private investment, especially foreign businesses? Research show that cities need one or more of the following features in their location to be competitive: (1) attractive factor conditions, especially for labor; (2) large or growing and well-functioning product markets; and (3) conducive investment climate. Cities within the same country vary significantly on their competitiveness, suggesting there is scope for local city leaders to make a difference. While one city cannot and need not achieve top ranks on all dimensions of city competiveness, the most frequently occurring features of most competitive cities are good human capital, well-functioning markets and institutions, good infrastructure, and good government.
Professor Nollen’s field of research and teaching is international business. He studies firms and industries in emerging market economies and directs foreign study programs in Delhi, Bangalore, Dubai, Ho Chi Minh City, and Prague. He is the co-author of New Industries from New Places: Software and Hardware in India and China (with Neil Gregory and Stoyan Tenev), Stanford University Press and the World Bank, 2009.