Chapter 5: Urban Competitiveness Analyses of Several Group of Cities
5. Urban competitiveness analyses of several groups of cities In this chapter, independent analysis is conducted on selected sample cities, including 100 financial center cities, 100 technological center cities, 116 political center cities (capital cities), 89 port cities, and 100 manufacturing center cities, which are examined in comprehensive competitiveness, factor competitiveness, and future potential. Comprehensive competitiveness is measured by six indicators, including green GDP (all GDP in this report refer to green GDP), GDP per capita, GDP per square kilometer, GDP growth, technology innovations, and multinational corporation index. Factor competitiveness is measured by six explanatory indicators, i.e. enterprise quality, factor supply, local market, inner structure, public institution, and global connection. URBAN COMPETITIVENESS ANALYSES OF FINANCIAL CENTER Financial center cities can better allocate social capital under market-oriented principles through three functions, i.e. funds aggregation and intermediation within a country or a region, price discovery of all financial products, and financial risk transfer. Stock exchanges and bank headquarters are usually located in financial center cities. This provides convenient financing channels for development of the region and centralizes resources in neighboring areas, which help to secure enhancement of the city’s competitiveness. Throughout the world, financial center cities are usually formed in cities with developed economies, convenient transportation and communication, as well as relative concentration of financial talents, no matter whether it is New York, London or Singapore. The Comprehensive Competitiveness of Financial Center Comprehensive competitiveness: North America and Asia leads in quantity, and the US excels in both quantity and quality Table 5.1...
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