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This video discusses the concept of relatedness in urban studies and planning. The speaker uses the example of cities renewing themselves to illustrate the implications of evolutionary economic geography. The presenter explains how related diversification is the rule and related diversification is the exception in city development. This is important because it allows for new economic activities to be developed and for cities to grow.
The presenter discusses the concept of relatedness and how it affects the activities of a city. He recommends that people specialize in a diversified set of industries and avoid getting locked into one particular area.
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