Abstract
Economic development is the natural requirement of urban sustainability. Faced with uncertainty in society, including economic crisis and risk, the ability to reduce the stress and increase the security of economic life should be considered. World cities, deeply impacted by globalization and urbanization, deserve more attention with respect to the economic dimension of sustainable development. This study explored the role of manufacturing in the sustainable economic development of world cities, based on research in Guangzhou, China. This paper applies the grounded theory method, whereas data collection was performed through in-depth semi-structured interviews and field observations. This research found industrial interactions between manufacturing and a variety of relevant advanced producer services facilitate industrial upgrading and diversity, which exert positive effects on the city’s economic dimension of sustainable development.
Highlights
Sustainability has attracted an unprecedented upsurge in interest with respect to human development
We aim to provide analysis on urban scale bringing together crucial theoretical insights from manufacturing in world city and an integrated framework with sustainable economic development by answering the following research question: How does manufacturing sector affect the world city’s sustainable economic development? Providing an answer to this question is more complicated by the fact that Guangzhou has been undergoing the process of industrial upgrading from labor-intensive light industry to capital-intensive and technique-intensive heavy industry, which is added to a series of industrial actors being integrated
This study explored the role of manufacturing in sustainable economic development from the perspective of industrial upgrading and industrial diversity
Summary
Sustainability has attracted an unprecedented upsurge in interest with respect to human development. Researchers have attempted to apply various indices to describe or measure urban sustainability [3,4,5]. Strezov has compared one of nine main indices for measuring the economic, social, and environmental dimensions of sustainable development and pointed out that sustainable development valued economic dimension was the lowest [5]. These three dimensions are related to and affect each other. For world cities, which are deeply impacted by globalization and urbanization, sustainable economic development deserves more attention
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