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Old 09-16-2011, 09:42 AM
 
Location: Rockville, MD
3,546 posts, read 8,547,455 times
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The Atlantic's Richard Florida has developed a list, available at the Atlantic Cities website, of the 25 most economically powerful cities in the world, based on each city's total economic output and criteria such as innovation and the strength of its financial sector.

Tokyo takes the top spot with a stunning $1.2 trillion in annual economic output, followed by New York and London. Interestingly, DC checks in tied for 10th place with Seoul, with an economic output of nearly $300 billion. DC also ranked second on the list in terms of "innovation." 9Clearly, the rankings are based on regions, not cities proper.)

Full list and article available here: The 25 Most Economically Powerful Cities in the World - Jobs & Economy - The Atlantic Cities
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Old 09-16-2011, 11:08 AM
 
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Didn't you read the other threads we had on the DC economy the past few weeks? We all learned from enlightened professional economists that it's going to be similar to Detroit by the end of the decade.
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Old 09-16-2011, 11:19 AM
 
Location: Portland, OR
8,802 posts, read 8,881,942 times
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Quote:
Originally Posted by BoomBoxing View Post
Didn't you read the other threads we had on the DC economy the past few weeks? We all learned from enlightened professional economists that it's going to be similar to Detroit by the end of the decade.
Because enlightened professional economists' like Ben "There is no housing bubble" Bernanke should be taken for gospel.
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Old 09-16-2011, 11:25 AM
 
5,125 posts, read 10,065,348 times
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You'd need to spend a fair amount of time to deconstruct these studies to figure out what they really mean, I think.

So, in DC's case, is the "city" DC proper or the larger region?

It also appears that the 10th place ranking is due to DC's having scored high on an "Innovation Index" that reflects the number of patent/trademark applications filed. Does that mean "DC" as a city gets credit for applications filed with the PTO in Alexandria by people living in Illinois or California?

Is the "Innovation Index" a particularly relevant indicator of economic health? Would an index that tracked the location of those accused of violations of patents and other intellectual property be equally relevant today?

There's a fairly healthy debate as to how seriously Florida's various studies and indices should be taken. Usually people run with the headlines and rarely get a clear sense as to whether it's an exercise in scholarship or marketing.
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Old 09-16-2011, 11:38 AM
 
720 posts, read 1,552,129 times
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cue coldbliss for the pending doom & gloom to soon come to DC's economy
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Old 09-16-2011, 12:19 PM
 
656 posts, read 647,077 times
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Quote:
Originally Posted by 14thandYou View Post
The Atlantic's Richard Florida has developed a list, available at the Atlantic Cities website, of the 25 most economically powerful cities in the world, based on each city's total economic output and criteria such as innovation and the strength of its financial sector.

Tokyo takes the top spot with a stunning $1.2 trillion in annual economic output, followed by New York and London. Interestingly, DC checks in tied for 10th place with Seoul, with an economic output of nearly $300 billion. DC also ranked second on the list in terms of "innovation." 9Clearly, the rankings are based on regions, not cities proper.)

Full list and article available here: The 25 Most Economically Powerful Cities in the World - Jobs & Economy - The Atlantic Cities
Do they adjust downwards for government waste in these numbers?
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Old 09-16-2011, 12:37 PM
 
Location: Rockville, MD
3,546 posts, read 8,547,455 times
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Quote:
Originally Posted by JEB77 View Post
You'd need to spend a fair amount of time to deconstruct these studies to figure out what they really mean, I think.

So, in DC's case, is the "city" DC proper or the larger region?
Quote:
Originally Posted by 14thandyou
Clearly, the rankings are based on regions, not cities proper
.
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Old 09-16-2011, 12:48 PM
 
5,125 posts, read 10,065,348 times
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Originally Posted by 14thandYou View Post
.
I saw your comment and that certainly makes sense. It didn't seem to be particularly clear on the link that you provided, which has numerous references to "cities" rather than "regions" or "metropolitan areas."
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Old 09-16-2011, 12:49 PM
 
Location: East Coast of the United States
27,434 posts, read 28,505,652 times
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Yeah, D.C. is badass. Everybody knows this, or should.
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Old 09-16-2011, 01:08 PM
 
Location: Rockville, MD
3,546 posts, read 8,547,455 times
Reputation: 1389
Quote:
Originally Posted by JEB77 View Post
I saw your comment and that certainly makes sense. It didn't seem to be particularly clear on the link that you provided, which has numerous references to "cities" rather than "regions" or "metropolitan areas."
Yeah, sorry, didn't mean to come off as snarky. I arrived at that link from another website, which mentioned that the figures in the study were based on ana nalysis of regional economic output, rather than cities proper. That's why Tokyo's population is listed at around 35 million and NYC's is at 20.
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