Essentials for developing a prosperous knowledge city

The essentials and challenges of the 21^st century's economy include knowledge and innovation. Both are the key in order for a city to calmly race forward and safely ride out in the ever changing global economy. Knowledge and innovation could be viewed as the true hard currency of the future and corner stones in developing a prosperous knowledge city. This chapter introduces a model for developing a prosperous knowledge city through knowledge and innovation. The model consists of five components that are most important for cities pursuing towards prosperous Knowledge Cities including: developing creative environments, knowledge creation, skills, collaboration/partnership, and leadership. The chapter focuses on articulating the primary components of the proposed model and identifying how they will contribute to achieving prosperous Knowledge Cities and innovative knowledge regions.