Richard Florida, in this weekend’s WSJ, discusses the Rise of the Mega-Region. Florida argues that nation-states and cities are somewhat passé, and that the relevant quantity that should be considered is the mega-region. A mega-region is an area “that hosts business and economic activity on a massive scale, generating a large share of the world’s economic activity and an even larger share of its scientific discoveries and technological innovation.”
I think the most important part of this concept is that these mega-regions need not be in a single country, and that therefore freedom of movement and trade is vital (see Florida’s suggestions at the end of the piece). For long-time readers of this blog, you will remember that the Buffalo-Toronto region is one of Florida’s mega-regions, and can be significantly helped by these freedoms.