Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date24/01/2021
AuthorAjinkya Kanitkar
Published ByAcademia Letters
Edited BySaba Bilquis
Uncategorized

Creative Cultural Cluster: Concept for Sustainable Development Of Old City Core

With the need to compete in a global city race, many countries are trying to come up with new theories in the domain of economic development. The focus is on harnessing the intangible capital i.e. tacit knowledge and skills, and identifying the clusters to have overall economic development. Not just in terms of economy, but in terms of social development, this approach has proven to be effective globally, especially at times of global recession. In the pursuit of sustainable growth and development of the country which is inclusive and equitable at the base layers of the societies, the cultural aspect was promoted. This gave rise to cluster planning and economic clusters. Literature on Economic Clusters suggests that different types of clusters are inclined to be situated over different parts of the city (Zhenshan Yang, 2015). The spillover effect of clusters and industries can be seen in peri-urban areas of London. These clusters are scattered over the city and outside the city limits. For example, knowledge-based clusters are formed adjacent to Universities, research centers, etc. Agro-processing clusters emerge around agricultural lands away from the city. The relation is shown as a cluster being a link to spatial policy and economic policy. Delineation of such clusters needs dedicated analysis of land use, transport networks, connectivity, economy, and demography.

 

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