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date: 14 November 2019

Abstract and Keywords

This chapter examines the increasingly central role of talent and of cities in economic competitiveness. A long literature in economics, management, and economic geography documents the role of firms and clusters of firms as the drivers of economic competitiveness. But, with the rise of the global knowledge, the nexus of competitiveness has shifted to talent and the clustering of talent in cities and urban areas. In effect, cities have become the core economic and social organizing units of the global economy. We examine the shift from firms to talent as underpinning competitiveness and the role of cities in mobilizing talent. This chapter also addresses the rise of inequality as a byproduct of the uneven clustering of talent within and across cities and urban areas.

Keywords: talent, cities, competitiveness, knowledge economy, creative class, clustering, inequality

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