This book discusses the concept and practice of a smart metropolitan region, and how smart cities promote healthy economic and spatial development. It highlights how smart metropolitan regional development can energize, reorganize and transform the legacy economy into a smart economy; how it can help embrace Information and Communications Technology (ICT); and how it can foster a shared economy. In addition, it outlines how the five pillars of the third industrial revolution can be achieved by smart communities. In addition, the book draws on 16 in-depth city case studies from ten countries to explore the state of the art regarding the smart economy in smart cities – and to apply the lessons learned to shape smart metropolitan economic and spatial development.