REAL ESTATE URBAN PLANNING PRACTICES IN EUROPE + GEOGRAPHY Essay

REAL ESTATE URBAN PLANNING PRACTICES IN EUROPE + GEOGRAPHY - Essay Example Therefore, economic efficiency entails producing the right (allocative) amount in the proper manner (productive efficiency). Distributional-justice means the distribution of impacts between known societal cohorts such as the rich or the poor, those owning cars and those without. It focuses on the minimization of the segregation or discrimination of each group based on classes in order to ascertain equity (McIntosh, 2004). In this essay, the researcher seeks to investigate and uncover the reasons behind the contradiction between the conventional economic efficiency frameworks in Europe by argument for and against the proportion that in Europe, economic efficiency calls for expansion of large shopping centres, usually out-of-town, while environmental and distributional-justice considerations often indicate that retailing should remain within the urban area / town centre. Europe’s economic efficiency calls for expansion of large shopping centres, usually out-of-town. Urban planning policy makers in Europe have shifted their attention to advice owners of large shopping centers to diversify off-cities. The urban planners advocate for such a strategy in order to ensure resource efficiency based on the utilization of the limited resources in a more sustainable manner. Such a strategy points towards the EU’s vision pushing for the economic growth while respecting scarcity of resources and planetary boundaries. The proponents of such strategies hold that economic efficiency is only achievable through ensuring both allocative and productive efficiency. Millions of Companies and consumers need to transform their production and consumption frameworks. Such transformation are feasible through a harmonious interactions of policy, investment, financing and innovation. The EU†s 2020 growth strategy projects a smart, sustainable and inclusive economy. A Roadmap to a resource-efficient Europe is the blueprint (Committee on spatial development,