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View Poll Results: Financial Capital of the World?
London 79 36.24%
New York 139 63.76%
Voters: 218. You may not vote on this poll

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Old 12-30-2012, 01:37 PM
 
Location: York
6,504 posts, read 3,747,316 times
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Quote:
Originally Posted by Salsa10 View Post
check this here
Worldwide Centres of Commerce Index - Wikipedia, the free encyclopedia

but the gross domestic product in new york is 1,280.5 , in London it's only 731.2

Ok that's the GDP, what's your point? Do you know what GDP is?
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Old 12-30-2012, 01:41 PM
 
Location: Westminster, London
878 posts, read 1,040,178 times
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Quote:
Originally Posted by Salsa10 View Post
check this here
Worldwide Centres of Commerce Index - Wikipedia, the free encyclopedia

but the gross domestic product in new york is 1,280.5 , in London it's only 731.2
Not this again.

The GDP is based on metro areas ... The NY metro area is VAST with 23 million in population and spreads far beyond the 8 million population NYC. The London metro area is more restricted and closer to its true urban boundaries. Do you have figures for the 5 boroughs of NYC compared to the London urban area?
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Old 12-30-2012, 02:37 PM
 
Location: Guangzhou, China
9,490 posts, read 11,819,921 times
Reputation: 10947
Quote:
Originally Posted by dean york View Post
Do you read the posts on these forums?? It's absolutely ridiculous! I'm not judging every American, just some of the idiots that post on this forum. A lot of the Americans I've encountered on here aren't like that at all, but a lot are.
There are some New Yorkers on here and in real life who automatically think that NYC is #1 in everything.

Not everyone in the US is a New Yorker.
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Old 12-30-2012, 02:41 PM
 
Location: M I N N E S O T A
14,615 posts, read 15,604,607 times
Reputation: 8728
Quote:
Originally Posted by dean york View Post
A lot of deluded Americans would have you believe NYC is number one at everything though, purely through their own opinions with no facts to back up their claims. Well certainly from reading these forums anyway.
Americans from NYC; trying talking to people in Chicago, Los Angeles or Boston.
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Old 12-30-2012, 03:12 PM
 
Location: York
6,504 posts, read 3,747,316 times
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I don't know where they are from, I just know they're American.

Also, it's not every American on here.
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Old 12-30-2012, 05:40 PM
 
Location: France
7,989 posts, read 5,474,304 times
Reputation: 3157
Quote:
Originally Posted by MissionIMPOSSIBRU View Post
Not this again.

The GDP is based on metro areas ... The NY metro area is VAST with 23 million in population and spreads far beyond the 8 million population NYC. The London metro area is more restricted and closer to its true urban boundaries. Do you have figures for the 5 boroughs of NYC compared to the London urban area?
The GDP figure is based on the 18 million MSA, not the 23 million CSA. Yeah definitions of metro areas are more or less liberal depending on the contries, but using any method NYC metro extends much further than the 5 boroughs.
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Old 12-30-2012, 05:46 PM
 
455 posts, read 790,042 times
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The metro area of London is approximately 13.7 million.
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Old 12-30-2012, 05:52 PM
 
Location: M I N N E S O T A
14,615 posts, read 15,604,607 times
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I think the USA and UK have different definitions of a Metro area.
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Old 12-30-2012, 06:04 PM
 
Location: Westminster, London
878 posts, read 1,040,178 times
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Looks like the MSA had closer to 19 million in 2010 (I'm guessing it would be higher now assuming the broader trend) whereas estimates for the London Metropolitan Area vary from 12 to 14 million. This would make the GDP figures about right.
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Old 12-30-2012, 06:28 PM
 
2,151 posts, read 3,432,531 times
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Quote:
Originally Posted by MissionIMPOSSIBRU View Post
Looks like the MSA had closer to 19 million in 2010 (I'm guessing it would be higher now assuming the broader trend) whereas estimates for the London Metropolitan Area vary from 12 to 14 million. This would make the GDP figures about right.
...and still useless when it comes down to the OP's question. The Seoul metro has a comparable GDP to London metro (source) and nobody claims Seoul competes for the title of "financial capital of the world".

If anything, the very existence of finance is the idea that capital doesn't have to be raised at the same place where things are going to be produced. By that definition, GDP is a completely useless metric.
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