Currently viewing the tag: "The Economist"

In the April 3rd-9th 2010 issue of the Economist, the conservative British periodical ran a special report on Rebalancing the American Economy. In the article titled “Time to Rebalance” the Economist had this to say:

America’s economic geography will change too. Cheap petrol and ample credit encouraged millions of American to flock to southern states and to distant suburbs (“exurbs”) in search of big houses with lots of land.  Now the housing bust has tied them to homes they cannot sell. Population growth in the suburbs has slowed. For the present this rise of knowledge-intensive global industries favors centers rich in infrastructure and specialized skills. Some are traditional urban cores such as New York and some are suburban edge cities that offer jobs along with affordable houses and short commutes.”

Just to clarify, by “rich in infrastructure”, the Economist means diversified infrastructure and that includes public transit. FDOT District 6 may interpret “rich in infrastructure”, to mean “expensive” such as the nearly $5 billion dollars we are spending on 3 megaprojects in South Florida; none of which really includes public transit.

If South Florida is serious about becoming a knowledge-intensive region, we need to build proper infrastructure to attract a populace with specialized skills, which also happens to be educated. Educated people are usually more mobile, and therefore can be more selective when choosing a city to call home. Most will choose a city that provides a good quality of life for their families and that includes cities that have good public transit, short commutes, and compact development.

On another note, Miami 21 was officially implemented today. Implementation of Miami 21 is the first step in the right direction.

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