ABSTRACT
This chapter focuses on the period of urban rebirth, a short catalog of reasons for urban rebirth was provided, and the notion of global cities was introduced. Causes of urban rebirth fall into three categories: forces that were part of the evolution of urban areas, actions taken in response to the urban crisis, and factors exogenous to the urban condition that just happened. Community-based organizations deserve some credit for the urban rebirth. The Local Initiative Support Corporation (LISC) raises money from a variety of sources and provides funds to hundreds of local community organizations. The strong economy of the 1990s cannot be given credit for the decline in violent crime; economic growth surely is behind much of the rest of urban rebirth. The strong economy meant employment growth, low unemployment, low inflation, and strong productivity growth. Macroeconomic policy assisted the economy, and other federal policies made strong contributions to urban rebirth as well.
