Are shopping malls really helping to boost a city’s economy?

Posted by Vin on July 30, 2008 · Leave a Comment

I have no idea why the establishment of shopping malls are considered one of the indicators of an area’s eligibility to become a city (if you do have, kindly tell me in the comments section). I can well understand if it is for the aesthetic formation of a metropolis, but for the latter’s economy, I should say that it is an unpractical reason or idea in a country with a huge percentage of poverty.

Malls are big venues of trade and interchange, and almost all cities in the country accommodate various mall franchises which house branches of luxury stores from all over the planet, with a few little native products aggregated in a side to form the mall’s tiangge in some, but in most supermalls, the tiangge has lost its place.

This pours in a considerable amount of revenue, but what about the small businesses of local proprietors who got blurred behind the boom of incoming foreign goods? Are shopping malls really signs of a city’s good health? (Read More)

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