In the global recession of the early 1990s the Melbourne economy was battered more extensively than the rest of the Australia. The industrial heartland of the city contracted sharply which had a range of flow on economic effects. There was heavy migration out of the so-called rust-belt of Melbourne. Twenty years on Melbourne has emerged from the worst global recession since the Second World War in terrific shape. So what has changed?
In a paper to the Melbourne 2010 Knowledge Cities World Summit, SGS Principals Terry Rawnsley and Dr Marcus Spiller explain the role that spatial reforms have played in the transformation to a knowledge intensive economy, and set out a new generation of reforms and enhancements which must be embarked on if Melbourne is to continue to advance.