Urban theory  

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-'''Urban decay''' is a process by which a [[city]], or a part of a city, falls into a state of disrepair. It is characterized by [[depopulation]], [[economic restructuring]], property abandonment, high [[unemployment]], fragmented families, political [[disenfranchisement]], [[crime]], and desolate and unfriendly urban landscapes.+'''Urbanomics''' describes the city formation phenomenon where economic priorities prevail to facilitate the city’s propensity to generate and accumulate wealth. Such city formation involves some irreversible spatial investments, massive resource allocations and financial investments recoverable only if anticipated future income transpires. Consequently, it is a pertinent concept in urban planning. Though related, this is not be confused with urban economics where economic principles and tools are applied at macro and micro levels. Urbanomics is to be understood as a paradigm to understand impact of the globalization process on urban development.
-Urban decay was associated with Western cities, especially [[North America]] and parts of [[Europe]] during the 1970s and 1980s. During this time period, major changes in global economies, [[transportation]], and government policies created conditions that fostered urban decay. 
==See also== ==See also==
-* [[Deindustrialization]]+* [[MONU - magazine on urbanism]]
-* [[Gentrification]], the reverse process+*[[Rural economics]]
-* [[Modern ruins]]+*[[Urban economics]]
-* [[Rent control]]+*[[Urban decay]]
-* [[Urban riots]]+*[[Urban development]]
-* [[Unfinished building]]+*[[Urban planning]]
-* [[Principles of Intelligent Urbanism]]+ 
-* [[Urban economics]]+ 
-* [[Urban planning]]+
-* [[Urban theory]]+
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Urbanomics describes the city formation phenomenon where economic priorities prevail to facilitate the city’s propensity to generate and accumulate wealth. Such city formation involves some irreversible spatial investments, massive resource allocations and financial investments recoverable only if anticipated future income transpires. Consequently, it is a pertinent concept in urban planning. Though related, this is not be confused with urban economics where economic principles and tools are applied at macro and micro levels. Urbanomics is to be understood as a paradigm to understand impact of the globalization process on urban development.

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