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.