This article discusses the interaction between demographic aging, population decline, and various aspects of the local development challenges facing public authorities. In particular, this article examines some of the financial issues arising from population aging and decline and the ways in which new approaches to public finance are being used in support of European Union regional and urban policy. In this context, it is argued that a comprehensive portfolio investment approach has the potential to significantly improve policy effectiveness.
This paper presents a research agenda focusing on the role of smart, socially inclusive, sustainable cities in furthering the balanced, equitable development of the European economy. In order for cities to play this role it is necessary to start from a vision of the city as a system of interlinked assets, and from the need to manage these assets in a sustainable way using a methodology broadly based on the principles of corporate finance. This research agenda aims to span areas of expertise and policy dimensions that are often fragmented, in order to lead to improved diagnostics and strategic investing. In Europe, this vision of the city and of the urban management process will enable better bottom-up policy delivery, and address the challenges facing the European economy by facilitating the adaptation of European city systems to diverging spatial growth patterns, youth unemployment, ageing populations, migration patterns, and increasingly sharp financial divergences among different territorial systems.
This paper presents a research agenda focusing on the role of smart, socially inclusive, sustainable cities in furthering the balanced, equitable development of the European economy. In order for cities to play this role it is necessary to start from a vision of the city as a system of interlinked assets, and from the need to manage these assets in a sustainable way using a methodology broadly based on the principles of corporate finance. This research agenda aims to span areas of expertise and policy dimensions that are often fragmented, in order to lead to improved diagnostics and strategic investing. In Europe, this vision of the city and of the urban management process will enable better bottom-up policy delivery, and address the challenges facing the European economy by facilitating the adaptation of European city systems to diverging spatial growth patterns, youth unemployment, ageing populations, migration patterns, and increasingly sharp financial divergences among different territorial systems.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.