2022 SMF(Seoul Metropolitan Fora) - Urban Competitiveness
Successful cities increasingly foster growth in high value added industry clusters using skilled workers, advanced infrastructure and innovation. Enhancing a city’s competitive position to gain national and global prominence involves good planning, innovation, and strategic interventions to attract investment, encourage economic development and knowledge, and create a pleasant place to live. Institutions matter for economic growth because they shape the incentives of key economic actors in society, in particular, they influence investments in physical and human capital and technology, and the organization of production. Institutions also determine the distribution of growth. The 2022 SMF is to explore how various forces come together and shape competitive cities, and how the public sector can play a more positive role in enabling the cities to flourish.