Journal of Tourism Research & HospitalityISSN: 2324-8807

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Case Report, J Tourism Res Hospitality Vol: 4 Issue: 1

Revitalizing Cities: Amenities, Economic Development, & the Attraction of Human Capital

Mijin Joo1* and Mark S. Rosentraub2
1Chung-Ang University, Dongjak-Gu, Seoul, Korea
2University of Michigan, Ann Arbor, Michigan, Korea
Corresponding author : Mijin Joo Ph.D
Chung-Ang University, Dongjak-Gu,Seoul, Republic of Korea
E-mail: [email protected]
Received: August 06, 2014 Accepted: December 01, 2014 Published: January 10, 2015
Citation: Mijin J, Mark SR (2015) Revitalizing Cities: Amenities, Economic Development, and the Attraction of Human Capital. J Tourism Res Hospitality 4:1. doi:10.4172/2324-8807.1000145

Abstract

Revitalizing Cities: Amenities, Economic Development, & the Attraction of Human Capital

The focus on knowledge, innovation, and a highly educated workforce as the agents of economic transformation has reemphasized Marshall’s “ideas in the air” as the keys to successful long-term growth strategies. He was among the first to suggest that wealth occurs where creative, skilled labor concentrates. It is these individuals who generate the ideas that create new products, processes, innovations, and, most importantly, jobs. Recent empirical work has validated the importance of a well-educated labor for development.

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