Economic Development Analysis for Smart Cities: A New Approach for Management and Innovation Practices

Urban planning is the process of idealization, creation and development of solutions to improve or revitalize certain aspects within a given urban area or planning a new urban area in a given region, with the main objective to provide people with an improvement in life quality. The objective of this article is to point out ways to possible scenarios and solutions to facilitate the use of best management practices and innovation to overcome the future challenges for public managers of Porto Alegre City, Brazil. Observing the growth rates of public investment in infrastructure and non-infrastructure, as well as the quantitative results we have that the city of Port Alegre is targeting public investments in a contrary way to what refers conceptually to Smart Cities. Low investments in infrastructure and non-infrastructure followed by the rise in law enforcement expenditure inhibit the entry of private investment and consequently economic growth for the city.