Shaping cities: why urban planning is a vital economic determinant

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Cities come in different shapes and sizes. Some are compact, circular, others have irregular shapes, and some can appear fragmented. The important question to ask here is, why do these observations matter, especially when talking about an economically efficient urban space?

How does the geographical shape of an urban environment determine its economic development and potential? Experts point out that different city structures have different economic implications. Moreover, while some urban spaces benefit from their design, some are constrained by their own geographies.

In fact, urban planning has been a significant factor in developing modern cities that are more economically competitive than their other counterparts. The concept that the shape of city matters, especially from the perspective of economists, is an important one in that it has been recognized as a determinant of a city’s efficiency.

Urban planning, by definition, is a technical as well as a political process of developing and designing urban areas. While its primary concern is public welfare, effective urban planning should also concern bringing out the economic potential of a new city.

Considerations of how planners shape a city often concentrate on sanitation, efficiency, and use and protection of the environment. Most importantly, how planning promotes social and economic activities within and beyond these spaces have also been a major focus for developers.

That is why economic analysis has been deemed an essential process in building cities. One’s mastery of urban as well as regional planning, as experts point out, should also be complemented with an expertise in both micro and macroeconomics. Most importantly, urban planners should have the skills set to apply these concepts in regional economies, urban markets, as well as government finances.

Despite conflicts, the US-China Trade relationship is a significant one

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The balanced trading agreements and economically productive relationships among the most powerful countries have kept the world a better and safer place. The optimism towards healthy international relations among these nations have so far, benefited the markets and the global economy – and what happens when two economic giants would come to a massive trade disagreement will not only send ripples but huge waves that have the power to wipe out everything on their way.

The exact scenario recently made headlines when two economically dominant nations, China and the United States, started waging what experts tagged as an on-going “trade war.” Many suggest this event has the potential to reshape the two countries’ economy and the global markets as a whole.

Commonly known as the US-Chinese Relations, the trade relationship between the United States and China is a powerful yet complicated one. The former holds the title as having the world’s largest economy while the latter ranks second. Although their current relationship has been riddled with conflicts, and the current threats of the present trade war, it has proven to be a strong and stable one ever since it began in 1949.

Today, the rough yet productive trade relationship between U.S. and China is actually supporting over 2.6 million jobs in American, benefiting several industries in the country. In 2015, records show that Chinese consumption and buying power brought in over $160 million to the country’s exports and their economic output.

China, on the other hand, became the third largest destination of goods and services from the U.S. (as of 2000 ranking), directly and indirectly contributing growth to the Chinese economy.

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