An Alpha ++ City: New York Case study

Economic Characteristics

International companies are based here ie American Express
1 in 10 jobs in New York is with a foregin company
Power of Wall Street and Federal Reserve Bank = Economic centrre of the world
NY STock Exchagne trades US$1000 billion in a month
48 on the Global Economic Power Index - number one in hte world for economic activity
Wall Street generates 16% of the state's GDP
The average wage in the city is 1.7times the national average

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victim to 9/11 terrorist attack
UN headquarters in the city - Malala Yousazai delivred her first speech since being shot here.
Mayoral system - not the capital so doesn't hae any embassies but does have consulates for most of the nations in the world
Hosted the MGD event in 2012 and will hold the Climate Change Summit in setp 2014
Never hosted the G8 or G20

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home to Broadway and musica theatre scene - rivalled only by the West End
founding place of punk rock with KISS and the Ramones originating in down town New York
Home to the New York Philharmonic as well
Andy Warhol famously lived and painted in New York
Famous monuments like the Empire State Building, Statue of Liberty and Central Park Zoo

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home to 65 michelin star restuarants from 1-3stars
Famous for shopping attractions such as Tiffany's and Co, Macey's and Bloomingdales
3 major airports - LaGuardia, Newark International and the biggest being John F. Kennedy International which saw 50million passengers in 2012 (on par with heathrow)
Cabs are iconic in New York and 82% of cabbies are foreign born
Rail is the dominant mode of transport - world famous Grand Central Station located here and has 44 platforms
City subway system is almost 3time the size of the London Undergrouund and one of two 24hour services
Home to the busiest ferry in the US - 19 million people annually are taken to Staten Island

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long history of international immigration - 36% of the population are foreign-born
Popualtion of 8million (40% of the state)
largest public school system in the world
15nationally leading medical research insitutions and centres icluding Rockefeller Uniersity
Home to Colombia University - 4th inUS
Quality of Life is much higher than that of London - 125.82 instead of 83.6
Most favoured residence of billionaires in the world - 96 live there compared with only 54 in London

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