Write a 50 word essay about the relationship between human resources education and economic development
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The relationship between education and economy in a way is reciprocal. As an economy develops, demand for skilled labour force also increases as a result of this education also makes an increasing demand for larger resources on the economy for investment in education.
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Presently, cities spend more and more in cultural programmes as well as large infrastructure projects, which are supposed to be drivers of sustainable development: urban landmarks influencing the image and the attractiveness of the city for private investments, but also platforms for the “new creative class” and stimuli to social integration through self-reflection and cultural inclusion. However, there is uncertainty with regard to the type and magnitude of returns expected from such projects. Moreover, seed-funding creativity and cultural dynamism is a complex issue, as traditional institutions and policy approaches are hardly able to come to terms with fuzzy, anarchist social structures.
This EURICUR study sets out to propose a theoretical framework to interpret and possibly steer culture-oriented urban development: the COED model. From the development of a cluster of cultural activities, all types of economic hand social externalities arise, in a self-reinforcing process.
Policy has to accompany this development caring that the condition that are necessary for the vitality of the cultural sector and ultimately for the endurance of this model are maintained in time: spatial balance,social mobility and access to cultural resources, but also networking and cross-fertilisation within the cluster and at its edges.
The comparative analysis of the ten case studies – ranging in size and European positioning from full-blown European capitals to medium-sized heritage cities and cities in economic transition – confirms some of the intuitions of the COED model. In cities where a certain number of “cultural clusters” have emerged, the urban economy has been structurally modified towards the symbolic. Cultural clusters have become – to varying extents, according to the characteristics, location and governance structures of such clusters – catalysts of a wholesome creative economy, involving a higher attractiveness for tourists, skilled talents, and ultimately for knowledge intensive enterprises in search of an innovative climate and high levels of quality of life. Indeed, contemporary skilled workers attach a high value to a stimulating cultural climate and communities open to the new and symbolic; these factors come to influence their mobility choices, and ultimately, the competitiveness of a city.