Pekin City as an Economic Center Essay Example | Topics and Well Written Essays - 3250 words

Pekin urban center as an Economic Center - Essay characterThis is the question we are going to pay attention to in this essay by looking at the urbanization and development of the city of Pekin in the enounce of Illinois (Fujita and These, 2002). Pekin City was first discovered after the Europeans immigrants explores landed on the eastern bank of the Illinois River. Pekin city started as an agricultural center with slight trading activities on the Illinois River. As a result of immigration, more people flew in leading to high density stinting activity location thus leading to urbanization. Pekin City is located in the county of Tazewell in the state of Illinois, being the biggest city in the county of Tazewell, and the essential part of the Peoria metropolitan area. Pekin is situated on the Illinois River. Pekin City is the county seat and the governance core for the county of Tazewell. Pekin City is accessible to air travel and river ways rich and skillful cast force a lively local economy an sharp quality life- thus enabling business to thrive well in the city. From the census carried out in the year 2010, the Pekin city has a creation of 34, 094. The adjunct of the city into the county of Peoria is limited by a sm totally portion of the town (Fujita and These, 2002). From the research, Pekin city is the thirteenth populated city in Illinois. The city has managed to grow economically leading to its urbanization through several factors that are discussed in the following pages. 1. Source of economies The accessibility to air travel and river ways rich and skillful work force a lively local economy an excellent quality life- has enhanced the development of Pekin city over years. Pekin city provides a variety of economic incentive and tools for expanding and innovating new business. An example of this business is the River way Business Park. The easy run of business has attracted many investors around the state and nation. In general, people from all ar ound the nation and the state are attracted to the service (Fujita and These, 2002). a. Economies of scale at the firm level Over the years, city of Pekin has been going through significant changes. few of the changes are the commercialization and industrialization expansion on route 29. This has enabled the branch of large firms like Pekins Auto Row. The large firms within the city of Pekin give way upsurge specialization and use of technologies, hence increasing the efficiency while lowering the average cost of the firms. These have been a tremendous contribution to the growth and expansion of the Pekin City. b. Economies of scale at the place level As time goes by more settlement kicks in leading to clustering and over population within the city of Pekin. This lead to investors like Nat City Investments Inc. Company locating firms in the same field closely, (agglomerating) within the city of Pekin, hence leading to agglomeration economies. The plan of agglomerating is associ ated to the knowledge of scale economies network effects. However, clustering of related industries together may lead to declining of costs production it might be of advantages to the city. The multiple firms of the same sector clustering together in Pekin city attracts more suppliers and customers hence leading to the expansion and growth of the city (Fujita and These