New York- World City

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

Political Characteristics:

• Victim to 9/11 terrorist attack

• UN headquarters in the city - Malala Yousazai delivered her first speech since being shot here.

• Mayoral system - not the capital so doesn't have 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 September 2014

• Never hosted the G8 or G20

Cultural Characteristics:

• Home to Broadway and musical 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

• Infrastructure Characteristics

• Home to 65 Michelin star restaurants 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 Underground and one of two…