Creative Cities and Knowledge Capital: The Case of Dubai (UAE)

Creative Cities and Knowledge Capital: The Case of Dubai (UAE)

Aly Abdel Razek Galaby (Alexandria University, Egypt)
Copyright: © 2018 |Pages: 26
DOI: 10.4018/978-1-5225-3734-2.ch009

Abstract

Many nations of the world are responding to the shift from development policies that rely on intensified labor and capital into alternative policies that build on the intensification of knowledge. The trend towards knowledge-based development has received increasing attention from academics and policy makers in the world. Innovative development paradigms of existing urban models (cities of knowledge, creative cities, and local circles of the knowledge society [precincts]) have opened up alternative prospects for development to the nations of the world. The Emirate of Dubai was among the Arab countries that absorbed this lesson and took the initiative of transforming its economy into a knowledge economy, building their development policies on the intensification of knowledge, embarked on the creation of the creative city and the formation of a knowledge capital, and stopping to understand this experience and explain its constraints; perhaps the research findings would support this effort.
Chapter Preview
Top

Introduction

Globalization has become familiar to all of us, along with the repercussions of its structural nature, which have outstripped the limits of time and place. Foreign investments and the free movement of goods, capital and labor have increased, and the countries of the Western world have found new markets and opportunities for investment abroad. With globalization, new players have come to compete with the highly advanced Western economies, especially those where labor costs are low, Such as North-east Asia, Eastern Europe and Latin America. It has become clear that it is no longer sufficient for developed countries to compete on the basis of low costs but they had to revitalize their competitive returns from intensifying knowledge and high-quality innovations. Cities have begun to wonder how they can compete in a more intelligent way in the shadow of all these global transformations (Hospers, 2014).

Many nations of the world are responding to the shift from development policies that rely on intensified labor and capital into alternative policies that build on the intensification of knowledge. The trend towards knowledge-based development has received increasing attention from academics and policy makers in the world. Innovative development paradigms of existing urban models: Cities of knowledge, creative cities and local circles of the knowledge society (precincts) have opened up alternative prospects for development to the nations of the world.

The Emirate of Dubai was among the Arab countries that absorbed this lesson and tried to overcome the development dilemma it faced during the financial crisis through the first decade of the 21st century, and took the initiative of transforming its economy into a knowledge economy, building their development policies on the intensification of knowledge, embarked on the creation of the creative city and the formation of a knowledge capital, and it was important to stop to understanding this experience and explaining its constraints, perhaps the research findings would support this effort.

Complete Chapter List

Search this Book:
Reset