Urban growth driven by knowledge spillover revolutionizes economic development.
The article discusses how cities grow and develop due to the benefits of people and ideas coming together, leading to innovation. As technology advances, communication costs decrease, making urbanization easier. However, this can also cause problems like pollution and congestion. The interaction of educated and creative people in large cities is crucial for knowledge sharing and economic growth. The article emphasizes the importance of human capital and the role of cities in driving economic development.