Can V4 Cities Triumph?

Central Europe’s Urbanisation Experience

17 August 2020

If the V4 countries are serious about starting a transition to a knowledge-based economy, they must initiate an urbanisation process, no matter how painful it might be for them.

Innovation seems to be an exclusively urban phenomenon. A recent report ranking the world’s 20 most innovative cities argues that “vibrant innovation ecosystem and deep talent pools within cities are key to boosting productivity, fuelling economic growth, and driving up living standards.”

The report was compiled on the basis of inputs such as R&D expenditures, the quality of higher education, employment in technology industries, the attraction of venture capital, and others.

While San Francisco was ranked as the world’s most innovative city, a number of major Western European cities (London, Paris, Berlin, Stockholm, Munich, and Amsterdam) also made the list, as did three cities in mainland China (Beijing, Shanghai, and Shenzhen).  Unfortunately, no Central European city made the list.

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Martin Miszerak

He is a regular contributor to the Financial Times and a Visiting Lecturer at the Renmin Business School in Beijing. In the 1990s he served as privatisation adviser to the Polish government and was heavily involved in the reform of the financial sector. Subsequently, he became CEO of one of Poland’s mass privatisation funds.

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