Abstract
The Pacific Asia economic crisis and apparent recovery are part of the dynamics of globalization and urbanization that are transforming the economies, societies and political processes in this world region. Globalization of finance, cross-border mergers and acquisitions that are internalizing international trade within corporate systems, and the shift from asset ownership to control of production and distribution networks are changing the nature of comparative advantage and heightening intercity competition for investment. Leading to the crisis competing for positions in the global economy saw cities sacrifice the quality of urban life for the sake of economic growth. In the emerging global context, making cities more livable is becoming a principal source of economic resilience and sustainability. Three policy directions are explored: localization of capacity building; creating processes for collaborative planning; and building intercity networks of cooperative exchange.
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