Why Cities Boom While Towns Struggle – WSJ

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The emerging knowledge economy, Mr. Moretti argues, depends on constant innovation, which turns out to be a social process. To succeed, cities need a critical mass of highly educated workers engaged in the regular, often informal, exchange of ideas. Once this critical mass comes into being, it feeds on itself: Innovation hubs attract new innovators in a self-reinforcing process, while areas lacking this critical mass fall further behind.

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