World's Most Economically Powerful Cities i am surprised (land, rankings)

[Katarina Witt]

These Forbes lists are often quite strange.

[MarketStEl]

Originally Posted by tremontpa

Wow on Wikipedia Philadelphia ranks 9th in the World and 5th in North America.That is far better than I would have predicted but that is really great.

Originally Posted by Brent85

List of cities by GDP - Wikipedia, the free encyclopedia

^Wikipedia's list by GDP

I note that on that Wikipedia list, Philadelphia and Mexico City both place in the top 10, and on Forbes' list, those two cities plus Madrid were all barely nosed out by Toronto.

Proving yet again that my fellow Philadelphians don't appreciate how good they have it here.

[beeneverywheretwice]

Originally Posted by rxnasi

yea that is what i think is weird Forbes should know business what is going on and what is with Paris at 7 it should at least beat Seoul and Chicago i thought u can trust Forbes

This list if from Mastercard's annual list of "BEST FINANCIAL" cities. The accurate list is as follows[previous yr. rank in ()]:

1. London(1)
2. NYC(2)
3. Tokyo(3)
4. Singapore(6)
5. Chicago(4)
6. Hong Kong(5)
7. Paris(8)
8. Frankfurt(7)
9. Seoul(9)
10. Amsterdam(11)

FYI,

17. Los Angeles(10)
18. Philly
21. Boston
25. Atlanta


This list makes perfect sense. Their talking about best cities for the Finance industry ie, banking, credit, exchanges, equities, hedge funds, etc.

There is no way Paris should have beat Chicago. After all, the CME(Chicago Mercantile Exchange) Group is the WORLD'S LARGEST AND MOST DIVERSE FINANCIAL EXCHANGE. CME Group runs the CME and the CBOT(Chicago Board of Trade). Also, with their recent purchase of NYMEX(N.Y. Mercantile Exchange) Chicago is sure to move up in the rankings to 3 or 4, according to speculation. Also, Chicago is home to the CBOE(Chicago Board of Options Exchange) The WORLD'S LARGEST OPTIONS EXCHANGE.

As you can see, there are only to world financial powerhouse cities in North America. NYC and Chicago. Forbes called their list the "most powerful economic" cities but, the list they use is really referring to the industry of Finance, which excludes things like tourism, or GDP, per say.

[Futcha]

NYC and London are the top 2. NYC's been below London after 9/11, but once the new towers are up and the World Financial Center is up and running, NYC will be at the top again. Let me put it this way, we literally lost more office space in NYC on 9/11 than there is office space in the entire City of Cincinnati.

[NYCBoy1212]

Originally Posted by FutureCop

NYC and London are the top 2. NYC's been below London after 9/11, but once the new towers are up and the World Financial Center is up and running, NYC will be at the top again. Let me put it this way, we literally lost more office space in NYC on 9/11 than there is office space in the entire City of Cincinnati.

plus the dollar is starting to rise and thats why NYC became lower than london because the dollar was sinking

[MarketStEl]

Originally Posted by beeneverywheretwice

This list if from Mastercard's annual list of "BEST FINANCIAL" cities. The accurate list is as follows[previous yr. rank in ()]:

1. London(1)
2. NYC(2)
3. Tokyo(3)
4. Singapore(6)
5. Chicago(4)
6. Hong Kong(5)
7. Paris(8)
8. Frankfurt(7)
9. Seoul(9)
10. Amsterdam(11)

FYI,

17. Los Angeles(10)
18. Philly
21. Boston
25. Atlanta


This list makes perfect sense. Their talking about best cities for the Finance industry ie, banking, credit, exchanges, equities, hedge funds, etc.

There is no way Paris should have beat Chicago. After all, the CME(Chicago Mercantile Exchange) Group is the WORLD'S LARGEST AND MOST DIVERSE FINANCIAL EXCHANGE. CME Group runs the CME and the CBOT(Chicago Board of Trade). Also, with their recent purchase of NYMEX(N.Y. Mercantile Exchange) Chicago is sure to move up in the rankings to 3 or 4, according to speculation. Also, Chicago is home to the CBOE(Chicago Board of Options Exchange) The WORLD'S LARGEST OPTIONS EXCHANGE.

As you can see, there are only to world financial powerhouse cities in North America. NYC and Chicago. Forbes called their list the "most powerful economic" cities but, the list they use is really referring to the industry of Finance, which excludes things like tourism, or GDP, per say.

Not to take anything away from Chicago as a financial center, but "economics" is more than "finance" -- an economy consists of many more activities than that.

And Forbes did use the Mastercard list as one of their factors, but not the only one. A city's GDP is a valid measure of economic importance too.

[Futcha]

Originally Posted by NYCBoy1212

plus the dollar is starting to rise and thats why NYC became lower than london because the dollar was sinking

True. But it'll come back.

[cjester]

This is another method to measure wealth and power of a metro area.

Top 10 U.S. Metropolitan Area Exports 2006

1 New York-Northern New Jersey-Long Island, NY-NJ-PA .$66,228,887,963
2 Houston-Sugar Land-Baytown, TX ............................$53,280,990,686
3 Los Angeles-Long Beach-SantaAna, CA .....................$48,718,100,044
4 Seattle-Tacoma-Bellevue, WA .................................$46,309,174,478
5 Detroit-Warren-Livonia, MI .....................................$43,273,499,4 29
6 Chicago-Naperville-Joliet, IL-INWI ............................$29,218,611,559
7 San Jose-Sunnyvale-Santa Clara,CA ........................$28,171,262,113
8 Miami-Fort Lauderdale-MiamiBeach, FL .....................$23,491,273,292
9 Dallas-Fort Worth-Arlington,TX ...............................$22,461,577,756
10 Boston-Cambridge-Quincy, MANH ..........................$20,267,353,917

Rank Metro Area Export Value 2006
Source: International Trade Administration

[Ann_Arbor]

^ Detroit+metro having more wealth and power than Chicago+metro? Don't know if manufacturing exports trickle down to wealth and power, but it's another way to look at things. Must be cars for D, planes for SeaTac?

[Chicago60614]

^ Right, a lot of those are because of manufacturing. Chicago has less exports because it's shed it's manufacuring and blue colllar and replaced a lot of it with more financial and professional services that aren't necesarily "exports".