The creative Class Essay Example | Topics and Well Written Essays - 1500 words

The creative Class - Essay Example Indeed it is the cities progress that really drives the country towards the prosperity and economic independence. Moreover any imbalance in the cities progress due to a lose in population or due to a fall in the employment ratio due to brain drain, can to a large extent affect the stability of the country as a whole. As a result of these factors the researchers have propounded the modern theories, to explain the reason for the growth of the country due to the urban development of the cities. This factor has been explained with the help of two different ways which is explained below. (www.cjrs-rcsr.org) What the Firms and Business entities prefer As per the Creative Class Theory it strongly believes that the major business firms that are present in any country will strongly prefer in setting up their establishments in the regions with an urban backdrop, rather than in the rural areas. This is probably due to many reasons that very well include cost of transportation, the concentration of the labor markets, the availability of infrastructure and also the accessibility to the markets. The availability and the accessibility of the customers and the consumers to the products and the services that are rendered, also play a major role in the location of the business firms. The formation of such cities and the result of the urban development could be due to the fact of the combined affect, which is being produced because of knowledge flow and creation of innovative ideas, which result in the development of new products and services. (www.cjrs-rcsr.org) The effect of the Preferences of the people The preference of the people is a very important factor, which goes a long way in the urban development of the cities. The cities serve like agglomerated areas, which help in providing the services as well as a wide variety of goods for the residents and to the visitors. Thus this kind of consumerism results in the growth of the economy, since it helps business to thrive and pr osper. The growth of the industries also results in the increase in the employment opportunities for the people of the cities, which result in the urban development turning them into affluent economies. Thus the city centers serve to be the hub of attraction for the younger generation, who prefer to live a modern and much more fashionable lifestyle. (www.cjrs-rcsr.org) Most of the theories that have been put forward, do give very high importance to the role of the skilled workers and their availability in the development of the urban city areas. This strongly leads to the fact that the human capital plays a very significant role, in the development and the resulting growth of the urban economy. This has been the key factor that very well determines the location of the firms within the areas, which offer good supply of skilled labor. Thus the successive governments of most of the countries worldwide are trying to exploit this factor, to develop their economies and to boost the growth of the nation as a whole. (www.cjrs-rcsr.org) It is to be noted that Florida’s Creative Class Theory has been considered to be an approach that very well serves as a link between these above said two