John Mollenkopf

Recent Articles

Cities in the New Global Economy

A lthough it has been eerily absent from the Clinton administration's otherwise ambitious economic program, an urban economic crisis persists in America. As the economy continues to globalize, it helps to think of the urban economic question as having two parts: Do large central-city economies have competitive functions that will enable them to prosper, or are they outmoded relics of an earlier economic age? And can the increasing numbers of racial and ethnic minorities and poor people who live in the central cities be integrated into urban economies (and for that matter political systems) in ways that generate upward mobility and social equality? To the extent that the answers are negative, we can expect more trouble. Today these enduring questions are clearly being posed in a new way in both Europe and in the United States. Since the early 1970s, the collapse of the Bretton Woods system of more insulated national economies, the oil shocks, and the end of American hegemony in world...