Knowledge-Based Urban Development: The Local Economic Development Path of Brisbane, Australia

Abstract

Knowledge-based development strategies play an important role in supporting local economic development of cities in the knowledge era. This paper investigates local knowledge-based urban development policies of Brisbane, Australia in its long journey to become a competitive knowledge city. The paper examines Brisbane's recent progress towards establishing knowledge community precincts that are critical creative urban environments to attract and retain global investment and talent. This paper also discusses major challenges Brisbane is experiencing during the implementation of its state- and city-wide knowledge-based urban development strategies.