| Abstract: | Rejecting the simplistic life-cycle hypothesis of cities put forth by Klassen and Paelinck, this paper advances a new hypothesis for the cyclical movements of urban growth that have taken place on a world-wide scale. The recent rejuvenation of major industrialized cities is largely attributed to the shift in the government's economic policies toward a smaller government, supported by the existence of economies of scale in large cities. The paper closely examines Tokyo's recent rejuvenation and shows how the government's conservative economic policies of the 1980's helped reverse the declining trend of the previous decade. |
