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Oh get over it Monty, if anything London's stature is growing even more.
Well, unlike New York, London depends on developing world outposts to be as undeveloped as possible so London can fill whatever voids in expertise and amenities might be lacking.
The more these cities modernize and the more affluent their residents become attracting the commensurate amenities, the less they will look to places like London, Paris and New York.
I see it happening everywhere. Most developing world megacities are booming as far as business savy and are rising in stature.
To put stock in the notion that London will expand in stature when stature is finite, is a fools errand.
New York, despite being the preeminent global capital, is actually far less reliant than London on attention from the exterior because its potential domestic market is the biggest in the world.
Well, unlike New York, London depends on developing world outposts to be as undeveloped as possible so London can fill whatever voids in expertise and amenities might be lacking.
I'm curious as to why you think this will actually become true. It doesn't look like it'll become the century of any particular place in particular, but rather the end of the US as a hegemonic force and there being a number of major powers with none overwhelmingly more powerful.
At this point, the BRICS nations are far more important than the EU and the UK as far as growth potential for the US and overall.
I am not yet convinced that the BRICS nations are capable of being as stable as the West but we shall see.
What about this amuses you? It's true - lots of foreigners park their money into London because it's safer than Mumbai and Moscow and the city has modern amenities. And it's convenient. London is much closer to the Middle East, Russia and Asia and New York and the U.S. in general is far.
London also sucks up to those people because the govt knows these people disappearing would be a blow to London's image. Without them, the city appears to be an underachieving place when compared to other world cities.
At this point, the BRICS nations are far more important than the EU and the UK as far as growth potential for the US and overall.
I am not yet convinced that the BRICS nations are capable of being as stable as the West but we shall see.
This is true, although it's only important for the U.S.' pocketbooks. The BRICS nations with exception to China and India might as well be disbanded since the only stable economies are the ones just mentioned--and even that's questionable. BRICS' popularity is a relic of the mid 2000's, more concerned with eclipsing the United States and Europe as oppose to any real economic stability. The concept itself seems clumsy, but at the very least they have way more potential than the EU.
The problem with Europe is that it has no incentive to keep its best and brightest, thus many of them move away. With exception to Germany.
In the world? From a political perspective, arguably Washington and Beijing, just because of the fact that political decisions made in those cities can have profound impacts on billions of people.
In the world? From a political perspective, arguably Washington and Beijing, just because of the fact that political decisions made in those cities can have profound impacts on billions of people.
Beijing? Maybe......but only because it controls its own country which has 1 billion people in it, not its global influence.
What about this amuses you? It's true - lots of foreigners park their money into London because it's safer than Mumbai and Moscow and the city has modern amenities. And it's convenient. London is much closer to the Middle East, Russia and Asia and New York and the U.S. in general
Far more importantly because it's at the center of the working day, overlapping with daytime working hours in most other financial centers around the world as economics and finance becomes more globalized and less centered on the US. (That's why what your sock is saying is a patently absurd idea).
= Cause and effect. Being in a convenient physical location attracts trade, wealth and talent, like the way centers of commerce located on multiple trade routes have thrived throughout history because of convenient location.
Last edited by Hightower72; 06-26-2014 at 12:20 AM..
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