As cities around the U.S. fight to pull themselves out of ditch dug by the global economic downturn, Baltimore, Pittsburgh and other cities that were built up by a bevy of industrial industries may fare better than those with economies rely heavily on more vulnerable sectors like the housing market.
Here's an excerpt:
"At a recent London School of Economics symposium on U.S. and European cities, Katz said American bubble cities are characterized by "real estate economies built on consumption and excess."
More mature industrial centers, he said, tend to have strong universities and a history of research, innovation and making things. If America is going to "rediscover our innovation mojo," as Katz put it, traditional industrial metros are best equipped to lead the way..."
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