21st Century is the Century of Cities

A fascinating 15 minute presentation last week from Josep Ramon Ferrer from Doxa at the Inter-American Development Bank. Fiscal decentralization was the main focus of the IDB conference. Oddly, there wasn`t much talk about `smart government`in other presentations. Most of the public finance characteristics that make governments `smart` was discussed including revenue mobilization, public investments,  and debt. The top takeaways were:

  1. Cities have significant economic power when compared to countries and large multinationals. This means that cities need to manage debt, revenue and public investments effectively.
  2. Planning is critical to achieving smart city objectives. Cities need simple long-term visions. Cities need to engage citizens.
  3. With so many technologies at play, smart cities need to create an integrated technology platform.

 

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