With rapid urbanization, cities featuring valuable historic cores and heritage assets struggle to modernize without completely losing their uniqueness. The good news is that there is an increasing trend toward financing projects aimed at conserving and incorporating heritage into development strategies. This book presents approaches to balance conservation and development. There are many interesting papers surrounding the topic, but policy and decision makers do not have any easy-to-digest compendium to guide them on how to decide when an element of conservation is warranted, and how much it is worth spending on it. This book presents approaches to combine investment on landmarks and on their surrounding areas, with investment to create jobs and prosperity for local communities, many of them poor, while also contributing to sustainable urbanization and inclusive growth.
Detalhes
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Autor
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Data do documento
2012/01/01
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No. do relatório
73072
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2012/10/04
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Disclosure Status
Disclosed
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Nome do documento
The economics of uniqueness : investing in historic city cores and cultural heritage assets for sustainable development
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Palavras-chave
historic city core;Poverty and Social Impact Assessment;heritage assets;ecological value;Job Creation;Local Economic Development;Cultural Heritage;increase in land value;indirect use value;social cost-benefit analysis;legal and regulatory framework;real estate value;foreign direct investment;historic core;real estate market;public sector investment;level of change;Special Purpose Vehicle;jobs and growth;property value;hedonic price method;form of investment;local business development;capital improvement program;transferable development right;source of funding;community of practice;security of tenure;access to finance;private sector stakeholder;privileges and immunity;engine of growth;sustainable urban development;cultural heritage conservation;trade in services;publicgood characteristic;Sustainable Economic Development;types of capital;global economic recovery;range of investor;high unemployment rate;duty of care;growth and development;socially responsible investment;labor intensive industry;share of export;growth of tourism;cultural value;adaptive reuse;natural heritage;natural capital;rapid urbanization;heritage value;enabling environment;property right;public good;world economy;public-private partnership;
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