Economic Development Quarterly · 2006 · 107 citations · 28 references
Social SciencesUrban PlanningUrban StudiesCreativityUrban DevelopmentUrban EconomicsCreative Economy DevelopmentGlobal CitiesUrban Economic DevelopmentUrban Economic GeographyWorld CitiesCompetitive Market AnalysisEconomic Development StrategyGlobal UrbanismHierarchyUrban Business DevelopmentUrban GlobalizationWorld City HierarchiesWorld City Theory
New York City has remained at the top of the global urban hierarchy, a status explained by theories of managerial elite, finance, and command‑control structures. The study proposes an emerging framework that emphasizes the role of global creative centers in explaining NYC’s dominance. The authors conduct an occupational analysis of competing hypotheses, revealing NYC as a bastion of creativity, culture, and artistic production. These findings offer a fresh perspective on NYC’s place in the world city hierarchy and suggest new economic development opportunities.
How New York City has maintained its position atop the global urban hierarchy as a leading player in the world and national economy is part of the broader discussion on why cities grow and why some remain at the top of the heap decade on decade. There are several dominant theories explaining New York City’s success, most notably those that argue the city is a center of command and control or managerial elite and is a global hub of finance and its related services. Yet an emerging framework explaining New York City’s dominant position argues for the importance of global creative centers. From an occupational analysis of these competing hypotheses emerges a picture of New York City as a great bastion of creativity and cultural and artistic production. These results provide a unique perspective on New York City’s position in the world hierarchy of cities and new opportunities for economic development strategies.
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Capitalism, Socialism and Democracy
Francis Fukuyama, Joseph A. Schumpeter · Foreign Affairs · 1997 · 15.5K citations
Social Sciences, Economics, History +16
Capitalism, Socialism and Democracy.
Joan Robinson, Joseph A. Schumpeter · The Economic Journal · 1943 · 6.6K citations