Economic dimension of urban planning

The economic dimension of urban planning determines the future functioning of urban objects and the urban environment in the process of spatial development and indirectly the economic impact. With regards to the economic functionality of the urban object/environment, urban planners employ several different economic tools. These tools facilitate the preparation of a robust urban plan that encourages economic development in a way that is conducive to and compatible with sustainability objectives. Put differently, they influence the way planned urban objects and urban environments are going to be shaped.

Definitions

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Increasing importance of the economic theme in urban planning

The importance of the economic theme within the urban planning system is increasing because of two main reasons:

1. An increasing amount of urban planners believe in the potential contribution of the planning system to maximize the net welfare of society with the help of appropriate policy measures that influence the delivery of a more attractive, competitive and successful urban area . # The increasing population in cities places more and more pressure for development of land and has lead to the consolidation of the urban core. And, although this has led to a strengthening of the economic and social functions of the cities and surrounding areas, urban planners are at the same time forced to recognize the increasing threats caused by both natural and human causes that can have a devastating impact on the economic and social functioning of the urban area .