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From 1980 to 1990, the fastest percentage growing transportation market in the United States, by a two to one margin, was commuters who travel between metropolitan regions versus commuters who travel within the metropolis. This is the result of significant changes occurring in the workplace and at home: increasing labor specialization; decreasing labor tenure; and the prevalence of two-income households. To achieve significant productivity gains in the New Age Economy, the urban commuting region needs to expand beyond the metropolitan confines of the previous age.
Just as the worker in the 1950 to 1980 period commuted from outlying suburbs by commuter rail or the automobile, the New Economy will see the development of the Interactive Megalopolis. This new urban form will cluster metropolitan regions linked by advanced telecommunications and transportation systems. Increased labor accessibility between metropolitan regions will result in better job matches without the need for residential relocation.
In the New Economy, it is "Knowledge Capital," a portable asset that will attract international investment and not "Asset Capital" composed of buildings and worker tools. Urban regions that can increase accessibility to "Knowledge Capital" while managing the environmental, social and economic costs of increased travel will prosper in the Information Age.