The New Localism provides a roadmap for change that starts in the communities where most people live and work.
In their new book, The New Localism, urban experts Bruce Katz and Jeremy Nowak reveal where the real power to create change lies and how it can be used to address our most serious social, economic, and environmental challenges.
Power is shifting in the world: downward from national governments and states to cities and metropolitan communities; horizontally from the public sector to networks of public, private and civic actors; and globally along circuits of capital, trade, and innovation.
This new locus of power—this new localism—is emerging by necessity to solve the grand challenges characteristic of modern societies: economic competitiveness, social inclusion and opportunity; a renewed public life; the challenge of diversity; and the imperative of environmental sustainability. Where rising populism on the right and the left exploits the grievances of those left behind in the global economy, new localism has developed as a mechanism to address them head on.
New localism is not a replacement for the vital roles federal governments play; it is the ideal complement to an effective federal government, and, currently, an urgently needed remedy for national dysfunction.
In The New Localism, Katz and Nowak tell the stories of the cities that are on the vanguard of problem solving. Pittsburgh is catalyzing inclusive growth by inventing and deploying new industries and technologies. Indianapolis is governing its city and metropolis through a network of public, private and civic leaders. Copenhagen is using publicly owned assets like their waterfront to spur large scale redevelopment and finance infrastructure from land sales.
Out of these stories emerge new norms of growth, governance, and finance and a path toward a more prosperous, sustainable, and inclusive society. Katz and Nowak imagine a world in which urban institutions finance the future through smart investments in innovation, infrastructure and children and urban intermediaries take solutions created in one city and adapt and tailor them to other cities with speed and precision.
As Katz and Nowak show us in The New Localism, “Power now belongs to the problem solvers.”
Bruce Katz is the cofounder of New Localism Advisors and was the Centennial Scholar at the Brookings Institution, where he focused on the challenges and opportunities of global urbanization. He was vice president and codirector of the Brookings Metropolitan Policy Program, which he founded in 1996. He coauthored The Metropolitan Revolution (Brookings, 2013).
Jeremy Nowak was the cofounder of New Localism Advisors and a Distinguished Visiting Fellow at Drexel University's Lindy Institute for Urban Innovation. He created The Reinvestment Fund, one of the largest community investment institutions in the United States, and chaired the Board of the Federal Reserve Bank of Philadelphia.
Chapter One: The Radical Remake of the Nation State
Chapter Two: The Ascendance of Cities and Metros
Chapter Three: Rethinking City Growth – Inclusive Innovation
Chapter Four: Rethinking City Governance
Chapter Five: Rethinking City Finance
Chapter Six: Exploring Hard Issues
Conclusion: A Call for a 21st Century Localism