Urban theory | Wikipedia audio article
Channel: wikipedia tts
Date: 30/12/2018

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Urban_theory


00:01:26 1 Urban theory
00:02:34 2 Globalization and economic capital
00:03:59 3 Economic sustainability
00:05:30 4 Revisiting economic measurements
00:06:28 5 See also



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Speaking Rate: 0.7427129317875517
Voice name: en-AU-Wavenet-C


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SUMMARY
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Urban theory describes the city formation phenomenon where economic priorities prevail to facilitate the city’s propensity to generate and accumulate wealth. Such city formation involves some irreversible spatial investments, massive resource allocations and financial investments recoverable only if anticipated future income transpires. Consequently, it is a pertinent concept in urban planning. Though related, this is not to be confused with urban economics where economic principles and tools are applied at macro and micro levels. Urbanomics is to be understood as a paradigm to understand impact of the globalization process on urban development.Urban theory is an agglomeration of social theories - classical, neo-classical and modern. Reference to social theory assumes the indivisibility of political, social and economic forces.  Sustainability is increasingly becoming the lynch-pin of urban studies with triple-line accountability (social, environment and economics) given more emphasis though not necessarily translated to practice. Here, urbanomics, by default, renders environmental and social concerns to subservience.