About the Event
Randall Lewis Seminar- How and Why L.A. Lost Its Economic Mojo: Lessons for Other Southern California Regions
In a recent op-ed in the Los Angeles Times, Michael Storper, UCLA professor of urban planning noted that:
"For most of the 20th century, Los Angeles was one of America's top economic success stories. From 1910 to 1970, as greater L.A. multiplied its population 21 times, it fostered high-quality growth, zooming up the ranks of income per inhabitant to become America's fourth-ranked metropolitan area. It was at the center of the core technology industries of the moment: movies and aerospace.
Its regional rival was its northern neighbor, San Francisco, where trucking and transportation, communications equipment and corporate and banking headquarters put Bay Area residents even higher on the income scales: No. 1 in 1970.
For decades, though, the difference between No. 1 and No. 4 were minor.
California's two big-city regions were a pair of economic miracles.
What happened to Southern California? Professor Storper, co-author of the recently published book "The Rise and Fall of urban Economies: Lessons from San Francisco and Los Angeles will share insights into the reason for L.A.'s decline and lessons learned that will benefit other regional economies as they work to grow their local economies.