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Daily Archives: April 12, 2008

Commentary: "Mega-regions are the true force driving the rise of emerging economies"

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The Rise of the Mega-Region, by Richard Florida, director of the Martin Prosperity Institute and professor of business and creativity at the University of Toronto’s Rotman School of Management.

  • “While there are 191 nations in the world, just 40 significant mega-regions power the global economy. Home to more than one-fifth of the world’s population, these 40 megas account for two-thirds of global economic output and more than 85% of all global innovation. The world’s largest mega is Greater Tokyo, with 55 million people and $2.5 trillion in economic activity. Next is the 500-mile Boston-Washington corridor, with some 54 million people and $2.2 trillion in output. Also in the top 10 are mega-regions that run from Chicago to Pittsburgh, Atlanta to Charlotte, Miami to Tampa, and L.A. to San Diego. Outside of the U.S., you can find megas around Amsterdam, London, Osaka and Nagoya, Milan, Rome and Turin, and Frankfurt and Stuttgart.”
  • Related postings on financial system

    • Senior Supervisors Group Releases Report on Disclosure Practices

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    “Senior financial supervisors from five countries (collectively the “Senior Supervisors Group”) today issued a report that reviews the disclosure practices of financial services firms concerning their exposures to certain financial instruments that the marketplace now considers to be high-risk. This report, Leading-Practice Disclosures for Selected Exposures, provides examples of current leading practices in the reporting… Continue Reading