Chapter 7: Best Cases on Competitive Cities
7. Best cases of competitive cities CHICAGO: PIONEER OF REFORM AND INNOVATION, AND MODEL OF INDUSTRIAL TRANSFORMATION Chicago lies in Illinois in the Midwest of the US. As one of the most important centers of road, rail and air transport in the United States, it is also well-known for its manufacturing industry, financial industry and commodity trading. When the United States’ economy was trapped in recession, Chicago successfully carried out the industrial transformation policy. As a result, Chicago not only maintained the traditional manufacturing advantages, but has also vigorously developed modern services industry. Now Chicago’s financial, trade, culture and education industries have all been greatly developed. It has become a leading international city for finance and exhibition. Conforming to the International Economic Situation and Adjusting its Development Strategies on Time In the 1960s, the US economy fell into stagnation, and Chicago’s manufacturing industry continued to decline. Facing these serious challenges, the government promptly adjusted the development strategy, which consisted of comprehensive upgrading of the manufacturing industry and attempts to develop high technology industries including computer and information communication. It helped Chicago to evolve gradually from a blue-collar city over to a top manufacturing city. In addition, Chicago also set the goal of ‘diversification of service-oriented economy’. The development concept is making full use of Chicago’s advantage of being a traditional center for finance, trade and transportation to greatly develop commercial trade and exhibition industry, making the modern service industry a main pillar of the economy. Firmly Implementing the Established Development...
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