Abstract
When historians render their judgments on the last quarter of the twentieth century, they will conclude that its defining phenomenon was the emergence of a global economy. Driven by free trade, international capital markets, and extraordinary changes in communications and information technologies, this new economy will make the future very different from the past. In every field of endeavor, strategic thinkers are now asking how best to adapt to these changes, how to position their businesses, institutions, and organizations to take advantage of the new world marketplace. What should those of us interested in the future of America's cities learn from the remarkable transformations underway?
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