DEVELOPING DELHI TO ATTRACT INVESTMENT Delhi Workshop / VenhoevenCS Dr. Ronald Wall IHS/ERASMUS UNIVERSITY
1. Globalization concerns a ‘society of cities’ in which ‘no city develops in isolation’ (Storper 1997).2. Firms are the essential reason why cities are interconnected (Pred 1977).3. The top 500 multinationals in 2004 accounted for 90% of world investments and 50% of global trade (Rugman 2005).
ge ed FD tal l ow piKn I Ca g e w led o l Kn p i ta Ca DI F Knowledge Capital FDI
(Source: Wall 2009)1. 9,243 investments between firms in 2,259 cities.2. Represents 50% of world economy3. Primarily between developed cities4. Africa has on 1% of connections, but 10% of world population.
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Market size geSalary variation edHousing prices FD tal l owUnemployment piEducation levels Kn I CaCorporate taxes gRegional / national investments l ed owPublic investments Kn e alHeadquartersBusiness culture tIndustrial sectors piInnovation levelsEntrepeneurship Ca DIInformal economy FLand prices Know ledg e Capital F DI HousingAirports Land pricesRail indicators DensityRoas indicators CrimeAccessibility Public sericesPublic transport SchoolsCommunications Parks Shops Recreation Health serices