A Real Example of Connective Development!

Mexico City & Chicago–Redefining Sister City relationships for a multi-locational, global age:

As this article points out, two cities have found that recognizing their linkages, and relationships, make both cities stronger.   Identifying both existing ties (multi-locational corporations and supply chains, university programs, cultural collaborations) and outlining future mutually beneficial cooperative activities will certainly grow both economies more productively.

Not mentioned in the article, but equally as critical are other benefits that this agreement might catalyze in both cities–increased level of visibility of opportunities, new relationships between entrepreneurs and co-founders,  insights gleaned for new markets for companies in both cities, as well as expanded knowledge networks into both countries through these portals. These relationships will be the key conduits for a ripple effect in the innovation economy.

Additionally–if these relationships and programs by the two cities became test beds for additional economic development policies, it would be a great example for other cities.

How about a few pilots to test policies that could have impact at the national level in the future:

  • Evaluating immigration programs that also help increase connectivity, and decrease jurisdictional ‘friction,’
  • Experimenting with tax reform proposals on foreign earnings
  • Developing new financing tools to support business and physical development –leveraging resources, expertise, and cost- and seasonal benefits in either place to support growth in both places.
  • Creating incentives to identifying ‘shared’ resources in both cities (co-working/car-sharing & housing ‘shares) in both places that might benefit frequent travelers between places, allowing them to ‘connect’ into the local environment more quickly.

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Although this particular strategy of the Global Cities Initiative  was not something I was aware of during my original research for my thesis, it is one of the best and most concrete examples of  progressive economic development–considering the whole of the greater economic system and not limiting efforts to purely what is ‘within the lines.’  These cooperative attitudes can be employed in networks large and small cities alike. Congratulations Chicago and Mexico City, and thanks to the Brookings Institution for pushing this concept forward!

http://www.chicagotribune.com/business/ct-biz-1114-chicago-mexico-20131114,0,2647877.story

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