Confronted with sprawling development and paralyzing traffic, cities throughout Latin America and the Caribbean have moved to built rapid transit systems, ranging from subways to bus rapid transit systems (BRTs). New rapid transit, government officials hope, will get people out of their cars, improve the environment and boost wellbeing and productivity. But demonstrating … [Read more...] about A Rapid Transit System That Boosts Productivity
When it comes to urban economic development, everything is a question of tradeoffs. There are, as economists like to say, "no free lunches." Consider California. The astronomical wages paid by firms like Google, Apple and other digital firms draw thousands of people to the Silicon Valley/San Francisco area, and the high wages of the Hollywood studios lure people to Los … [Read more...] about Who Benefits from Job Creation in Cities?