The 21st century will redefine the world landscape, an era of Great Reset. The world is still in the midst of an age of worldwide economic expansion when governments leading and investing heavily in building massive infrastructures, subsidising suburban development, and rationalising city centres as locations for skyscrapers – an age, in short, that was typical of the United States of America and Europe after the Second World War and appears a lot like China now. The business of place traditionally defined as a place to learn, live, work, and play, but it had grew into abject capital gain which ultimately contributing to placelessness and the economic crisis in the Western world – deep socio-economic problems remain.
What is sense of place industry? It is a global industry including but not limited to the location of home-grown industries, economies of local agglomeration (also known as linkages), transportation, international trade, economic development, real estate, built environment, gentrification, ethnic economies, gendered economies, core-periphery theory, the economics of urban form, the relationship between the environment and the economy (tying into a long history of geographers studying culture-environment interaction), and globalisation.