Another proxy measure is the number of billionaires living in a city.
In , London was home to twenty-six billionaires, second in the world only to New York City, which had fifty-five. Wealthy cities in my view have citizens that strike the right balance between investment and consumption. These are often dense cities, counter to sprawling cities in which citizens over-consume.
Can you name a few cities that you think may be on the road to becoming wealthy or great world cities over the next couple of years? Dubai perhaps is well on the way to becoming a great world city. It follows the four step process that was identified by economic historian Norman Gras: first, cities pass through the commercial phase, next comes the industrial stage, followed by the development of transportation and finally, we are left with a financial centre.
Dubai benefits from the oil industry, and has a growing and impressive international airport.
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And then there is the massive 2,foot-tall Burj Khalifa with five million square feet of floor space all in one building. As for others, Shanghai, obviously comes to mind; it will be interesting to see how its competition with Hong Kong plays out in the next few years.
You claim that infrastructure plays a key role in determining the formation of a great world city — what city do you think best exemplifies. Along with some high stakes politics, the canal enabled New York City to replace Philadelphia as the financial capital of America. There are other examples too, such as the Gotthard Tunnel, which helped to establish both Zurich and Milan as financial centres.
Montreal was once the economic hub of Canada. What caused this to change and why did Toronto takes its place? There was a long, drawn out competition between the two that then ended quite abruptly in the s. Toronto first began to catch Montreal as an industrial centre. It also made far better transportation infrastructure investments; Mirabel Airport was a disaster. But it was the Quebec separatists that really sealed the decline of the St. James Street exchange and the rise of Bay Street. Lynch notes that the ideal house has a front-door onto a lively urban promenade, with a backdoor to silent countryside.
Kristin Davis moved Toronto's philanthroists to tears Microbiz of the Weekend: Pizza Rovente. June 18, Amy Schumer, and a long winter nap.
The Evolution of Great World Cities: Urban Wealth and Economic Growth
This one is different. The Evolution of Great World Cities is one of the most truly original takes on cities and their economic development that I've read in quite a while. Trust me, I read a lot of books on cities. See All Customer Reviews. Shop Books. Add to Wishlist. USD Sign in to Purchase Instantly. Usually ships within 1 week.
The Evolution of Great World Cities: Urban Wealth and Economic Growth by Christopher Kennedy
Overview Some cities seem destined to become major financial capitals, yet never do—Seville, for instance, was the centre of Spain's opulent New World Empire, but failed to become a financial metropolis. The Evolution of Great World Cities offers an accessible introduction to urban economies that 'will change the way you think about '. Average Review. Write a Review. Related Searches.
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