We measure tradable industries using data on greenfield foreign direct investment, which is inextricably bound up with traded industry clusters, and the productivity differential (measured as output per worker) between a metro area’s traded sector and that traded sector nationwide. These industries are typically anchored by globally engaged firms, which have valuable spillovers for local economies. Tradable Clusters: Tradable industries are a critical driver of prosperity and competitiveness. Sassen shows how dangerously city life has been affected by the influx of employees of the multinational firms which move into major cities and virtually colonize them, riving even greater wedges between the rich and poor.To develop the typology, we utilized a series of statistical techniques to group metropolitan economies with their closest peers based on a set of 35 stock variables that measure metropolitan-level economic characteristics, industrial structure, and key competitiveness factors: high-powered and at times horrific book. One of Choice's Outstanding Academic Titles for 1992Ī multi-disciplinary tour de force that should be read not only by regional economists but also by urban geographers, sociologists, and planners. The most detailed and sophisticated anatomy yet published of the functioning of the new producer services sector in the global economy. Scott Lash, The Times Higher Education Supplement This is brilliant stuff, both in its broadness of sociological scope and its voluminous collection of data from a vast number of sources in the three cities. Peter Hall, International Journal of Urban and Regional Research A systematic detailed analysis of the three largest urban economies in the advanced world. Susan Fainstein, Journal of the American Planning AssociationĪ very significant book indeed. It incorporates a herculean research effort. Anthony King, NewslineĪn exciting and persuasive work. A landmark study in the political economy of cities.
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