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Philadelphia had its shot at surpassing LA like a hundred years ago.
Not now. Sorry.
And its not just Philadelphia. Among the Top 20, Id only place London, NY, Tokyo and possibly Paris above LA. Nowhere else.
I dont mean to be a LA booster cause I dont even live there, but sometimes these sorts of rankings are sooo off the mark that they have to be called out for their BS.
I think they should have defined what "driving the global economy" (and maybe they did, I didn't read everything in the report).
Here's what I'm thinking: a city like Singapore has tremendous electronics trade, buying and selling, as well as finance, among many other things between multinational companies. If we're looking a LA's cinema contribution, it's no less big, but what's so "global" about it? The U.S. makes most of the money. It's more of a one-way street and doesn't really "drive the global economy." Anyway, that's my dimestore economics.
The study focuses on seven dimensions: financial flow, business center, economic stability, legal & political framework, knowledge creation & information flow, livability.London, New York, Tokyo, Singapore, Chicago, Hong Kong, Paris, Frankfurt, Seoul & Amtersdam are identified as the Top Ten Centers of Commerce in the World not just because they play an important role economically in their respective regions; they constitute themselves as a commerce and financial hub of the new worldwide economy.
Quote:
Originally Posted by harahap
I think they should have defined what "driving the global economy" (and maybe they did, I didn't read everything in the report).
Here's what I'm thinking: a city like Singapore has tremendous electronics trade, buying and selling, as well as finance, among many other things between multinational companies. If we're looking a LA's cinema contribution, it's no less big, but what's so "global" about it? The U.S. makes most of the money. It's more of a one-way street and doesn't really "drive the global economy." Anyway, that's my dimestore economics.
Oh,
and San Francisco is not beneath Philadelphia, Atlanta or Boston economically. What a crazed thing to even suggest.
The Bay Area makes mince meat out of all those places with no effort whatsoever. Trade and Commerce? Finance? Globalization? Technology? As a magnet for talent from around the world? Even in total Gross output and so on.
Now that I think about it, The Bay Area is probably on par with Chicago and LA in its influence over the world these days.
Sorry guys but no.
Lol. A superstar collection of the worlds greatest economist with volumes of info that could fill a library are all wrong and Montclair is right. Why exactly are they wrong again Montclair ? You were evasively light on the details.
Population of metro Philaldephia 5.82 Million
Workforce of metro Philadelphia 2,733,960
Population of metro SF 4.2 Million
Workforce of metro SF 2,077,000
Metro Philadlephia having a bigger global economy than metro SF is to be expected. All you have to do is look at the data. I suppose this is where someone will chime in that metro SF is 7 M and it goes on and on all the way to San Jose.
Metro SF-OAK-Freemont is 4.2 M
metro Philadellphia-Wimington-Camden is 5.8 M
If SF is allowed to claim San Jose(50 miles away) then shouldnt Philadlephia at least be able to claim Mercer County NJ which is 10 miles away from Philly yet gets eaten up by NYC. Philadelphia would have 10 M people in their economy if they were allowed the same dimensions of the Greater Bay Area including the powerhouse Life Science + educational region of Princeton and Lawrenceville a mere 25 miles away from Philadlephia.
La definitely got disrespected on that report, not so much SF.
I would think LA having one of the biggest ports in the world that would account for something and help it be a little farther ahead than Philly.
Also the Bay Area includes San Jose, there is nothing separating it from the rest of the metropolitan region; "Silicon Valley" isn't even an actually valley and it's continuous development from SF and Oakland all the way down to SJ. A large # of people commute into and out of Santa Clara county to other parts of the Bay Area. I don't understand why the census tends to separate them.
I can see these rankings being correct. just because a city has a larger population doesn't have much to do with how it handles itself, which is how these rankings are based on for the most part.
I am surprised that Chicago is below Singapore because didn't the Chicago's Mercantile Exchange just buy the Singapore's Commodity Exchange? I know the Chicago Mercantile Exchange wanted to buy the New York Mercantile Exchange.
I will admit though, Mastercard doing this report just seems kind if stupid.
Also the Bay Area includes San Jose, there is nothing separating it from the rest of the metropolitan region; "Silicon Valley" isn't even an actually valley and it's continuous development from SF and Oakland all the way down to SJ. A large # of people commute into and out of Santa Clara county to other parts of the Bay Area. I don't understand why the census tends to separate them.
And there is nothing seperating Trenton-Ewing-Princeton(7th wealthiest pmsa in the usa) from Philadlephia except an imaginary political boundary.Trenton to NE Philly is approximately 75% closer as San Jose is to San Francisco. Yet Tenton isnt part of the Philadlephia metro, rather its part of NYC metro 70 miles away.
Distance between Trenton-NE Philly is 12 miles. Trenton is literally 1/10th of a mile from the heart of metro Philadlephia (Bucks County) and Trenton is part of the Philadlephia TV/media market . San Jose is 50 miles from SF and is NOT part of the SF TV/media market. The reality of the situation is if SF gets to include the areas of the entire Bay area then Philadlephia would have about 10 M people in that same geographic sphere of influence.
The article and the data used in that report dealt with MSA's not CMSA''s.Its a bit disingenuous to attack the report in its details.
Oh,
and San Francisco is not beneath Philadelphia, Atlanta or Boston economically. What a crazed thing to even suggest.
The Bay Area makes mince meat out of all those places with no effort whatsoever. Trade and Commerce? Finance? Globalization? Technology? As a magnet for talent from around the world? Even in total Gross output and so on.
Delusions of grandeur. The Bay Area Bubble claims yet another victim.
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