GLOBAL CITIES INITIATIVE
A J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E
Seattle, WA / April 10,...
7.4 millionjobs needed
More Jobs
81 millionpoor or near poor in 2000
More Jobs & Better Jobs
107 millionpoor or near poor in 2011
More Jobs & Better Jobs
HUMAN CAPITAL
INNOVATION
MANUFACTURING
INFRASTRUCTURE
STEM
ADVANCED
ENERGY
EXPORTS
R&D
OPPORTUNITY
CONSUMPTION
DEBT
CONSUM...
The imperative for global
engagement
1 2 3
1
2 3
Metros are centers of
global trade and
investment
1 2 31
2
3
1 2 31 2
3
Metros are engaging
globally in new ways
METRO
INNOVATION
The imperative for global
engagement
1 2 3
1
2 3
2009
Global GDP
19.9%
US
21.0%
BIC Countries
Source: International Monetary Fund, World Economic Outlook Database, April 2...
2018
Global GDP
28.2%
BIC Countries
17.6%
US
Source: International Monetary Fund, World Economic Outlook Database, April 2...
Global Metro Population
2009
50%
Global Metro Population
2030
60%
Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2009
Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2011
31%
China Africa
49% 39%
India
Urban ...
Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2011
China Africa India
+297 million
by 20...
Source: Boston Consulting Group, “Winning in Emerging Market Cities,” (2010)
Photos: Wikipedia/Jonathan Olsson, Jeet221990...
Source: Boston Consulting Group, “Winning in Emerging Market Cities,” (2010)
Photos: Wikipedia/Jonathan Olsson, Jeet221990...
Source: McKinsey Global Institute, “Urban World: Cities and the Rise of the Consuming Class,” (2012)
$200 billiontotal inv...
5,000
$1 billion increase
in exports supports
jobs
11%wage premium
in exporting firms
Greater likelihood
of health and
reti...
22%wage premium
in foreign-owned
firms
14%US productivity
growth contributed
by foreign-owned
firms
5.0%
foreign-owned
firms ...
How are we doing on
trade and investment?
billionUS manufactured exports
2010
$944
Japan
$680
$944
United States GermanyFrance
$409
China
$1477
$1091
Top Manufacturing Exporting Countries
2010, Billions
So...
$358
Service
Imports
Service
Exports
$518
US Service Trade
Billions, 2010
$160 billion
trade surplus
Source: World Trade O...
Exports Share of GDP
2010
13%
United States
29% 22%
15%
30%
Japan
China Canada India
European Union
15%
Source: Brookings ...
France
$1.09
$3.93
United StatesChinaBelgium
$1.01
United
Kingdom
$1.32
$2.26
Top Foreign Direct Investment Stock
2012, Tr...
US Share of Global FDI Flows
24.7%
1998
10.9%
2013
Source: Brookings analysis of NETS, D&B, Moody’s and BEA data
Can we realize the potential
of global markets?
Advanced Industries
Innovation Human Capital Infrastructure
Software Computer Systems
Design
Telecommunications R&D Consulting
Services
Services
Pharmaceuticals Advanced
Machinery
Me...
85%advanced industry
share of private
sector R&D
67%advanced industry
share of patents
30%advanced industry
share of engin...
Drive Productivity in
Other Industries
Stimulate Local
Economies
Support Long
Supply Chains
Develop Technology that
Transf...
Advanced Industries
Innovation Human Capital Infrastructure
Japan
3.5% 4.4%
France United
States
United
Kingdom
3.1%
European
Union
5.0%3.8%
Germany South
Korea
China
5.5%
10.9%
20.7...
Advanced Industries
Innovation Human Capital Infrastructure
Source: US Census Bureau, 2010 American Community Survey
Hispanics
19%
African
Americans
Non-Hispanic
Whites
Asians
25%
39...
Source: US Census Bureau, 2010 American Community Survey
Hispanics
19%
African
Americans
25%
Educational Attainment
Associ...
Advanced Industries
Innovation Human Capital Infrastructure
Infrastructure
Transport Networks are Clogged and Congested
Metros are centers of
global trade and
investment
1 2 31
2
3
Source: Brookings analysis of US Bureau of Economic Analysis data
Seattle Metropolitan Area
Source: Brookings, Metropolitan Areas and the Next Economy (2011)
Population
63%
GDP
51%
Washing...
Seattle, Portland, Spokane, Olympia, Kennewick-Pasco-Richland,
Bremerton-Silverdale, Yakima, Bellingham, Mount Vernon-Anac...
Service
Exports
75%
63%
Manufacturing
Exports
Population
66%
Top 100 Metro Exports
Share of U.S. Totals
Source: Brookings,...
Top 100 Metro Exports
Chemical
Products
68%
76%
Business/
Professional
Services
Computer/
Electronic
Products
78%
Populati...
Top 100 Metro International
Connectivity
Air Cargo
83% 83%
Water Cargo Air
Passengers
96%
Population
66%
Share of U.S. Tot...
Population
66%
Advanced
Industry
Employment
74%
FDI
Employment
74%
Employment in Advanced Industries
and Foreign-Owned Fir...
Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA, warrior481.blogspot.com
Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA, warrior481.blogspot.com
Seattle, WA - Human Capital & Innovation Dashboard
Education
Top 100
Metros
Seattle
Metro
Bachelor’s Degree
Attainment
31....
$47.1 b
Top 100
Metros
Seattle
Metro
Export Intensity
12.7%
20.3%
Export Value
Goods & Services Exports
25.1%
services sha...
Foreign Direct Investment
Jobs
65,045
FDI Employment
14th of Top 100 Metros
Top Foreign Employers Metro-to-Metro Investmen...
$185.3 b
Top 100
Metros
Seattle
Metro
International
Trade Share
15.8%
20.8%
Total Goods Trade
Goods Trade Air Travel
Inter...
1 2 31 2
3
Metros are engaging
globally in new ways
METRO
INNOVATION
Catalyze Trade &
Investment
Legacy of Global Orientation
Seattle as aGloballyCompetitiveRegion
Market Assessment
Target Sectors
8% 9%
12%
Economic Profile
15%
12%
13%
9%
Establish Goals & Strategies
Boost SME exports
...
Branding
Global Cities Exchange
PORTLAND
WEBUILD
GREENCITIES
I amsterdam
Catalyze Trade &
Investment
Invest in
What Matters
CHICAGO
$70 million
Digital Manufacturing &
Design Innovation Institute
Lightweight & Modern Metals
Manufacturing Innovati...
Innovation Human Capital Infrastructure
Innovation Human Capital Infrastructure
PORTMIAMI
Expansion and
improvements
PORTMIAMI
Innovation Human Capital Infrastructure
Deep Dredge Project
$220 million project,
funded solely through
state & ...
Catalyze Trade &
Investment
Invest in
What Matters
Network Globally
Chicago
Mexico City
Chicago
Mexico City2nd largest
Mexican immigrant population
resides in Chicago metro area
130
Chicago-based firms with
oper...
GLOBAL CITIES ECONOMIC PARTNERSHIP
Watch on YouTube
GLOBAL CITIES INITIATIVE
A J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E
Seattle, WA / April 10,...
Global Cities Initiative Seattle
Global Cities Initiative Seattle
Global Cities Initiative Seattle
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Global Cities Initiative Seattle

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A presentation on the Global Cities Initiative, presented by Bruce Katz in Seattle, WA on April 10, 2014.

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Global Cities Initiative Seattle

  1. 1. GLOBAL CITIES INITIATIVE A J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E Seattle, WA / April 10, 2014 @bruce_katz #globalcities
  2. 2. 7.4 millionjobs needed More Jobs
  3. 3. 81 millionpoor or near poor in 2000 More Jobs & Better Jobs
  4. 4. 107 millionpoor or near poor in 2011 More Jobs & Better Jobs
  5. 5. HUMAN CAPITAL INNOVATION MANUFACTURING INFRASTRUCTURE STEM ADVANCED ENERGY EXPORTS R&D OPPORTUNITY CONSUMPTION DEBT CONSUMPTION DEBT DEBT CONSUMPTION CONSUMPTION DEBTDEBT CONSUMPTION DEBT Pre-Recession Economy Next Economy
  6. 6. The imperative for global engagement 1 2 3 1 2 3
  7. 7. Metros are centers of global trade and investment 1 2 31 2 3
  8. 8. 1 2 31 2 3 Metros are engaging globally in new ways METRO INNOVATION
  9. 9. The imperative for global engagement 1 2 3 1 2 3
  10. 10. 2009 Global GDP 19.9% US 21.0% BIC Countries Source: International Monetary Fund, World Economic Outlook Database, April 2013
  11. 11. 2018 Global GDP 28.2% BIC Countries 17.6% US Source: International Monetary Fund, World Economic Outlook Database, April 2013
  12. 12. Global Metro Population 2009 50%
  13. 13. Global Metro Population 2030 60% Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2009
  14. 14. Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2011 31% China Africa 49% 39% India Urban Share of Total Population 2010
  15. 15. Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2011 China Africa India +297 million by 2030 +227 million by 2030 +343 million by 2030 40%69% 48% Urban Share of Total Population 2030
  16. 16. Source: Boston Consulting Group, “Winning in Emerging Market Cities,” (2010) Photos: Wikipedia/Jonathan Olsson, Jeet221990, Flickr/United Nations Photos, Francisco Anzota $30-$40 trilliontotal infrastructure investment required in emerging market cities, 2010 - 2030
  17. 17. Source: Boston Consulting Group, “Winning in Emerging Market Cities,” (2010) Photos: Wikipedia/Jonathan Olsson, Jeet221990, Flickr/United Nations Photos, Francisco Anzota $13.8 trilliontotal housing investment required in emerging market cities, 2010 - 2030
  18. 18. Source: McKinsey Global Institute, “Urban World: Cities and the Rise of the Consuming Class,” (2012) $200 billiontotal investment in increasing global port capacity by 2025
  19. 19. 5,000 $1 billion increase in exports supports jobs 11%wage premium in exporting firms Greater likelihood of health and retirement benefits in export-intense industries
  20. 20. 22%wage premium in foreign-owned firms 14%US productivity growth contributed by foreign-owned firms 5.0% foreign-owned firms employ US workers
  21. 21. How are we doing on trade and investment?
  22. 22. billionUS manufactured exports 2010 $944
  23. 23. Japan $680 $944 United States GermanyFrance $409 China $1477 $1091 Top Manufacturing Exporting Countries 2010, Billions Source: World Trade Organization, 2011
  24. 24. $358 Service Imports Service Exports $518 US Service Trade Billions, 2010 $160 billion trade surplus Source: World Trade Organization, 2011 (Data reflect Commercial Services)
  25. 25. Exports Share of GDP 2010 13% United States 29% 22% 15% 30% Japan China Canada India European Union 15% Source: Brookings analysis of WTO and EIU data, 2011
  26. 26. France $1.09 $3.93 United StatesChinaBelgium $1.01 United Kingdom $1.32 $2.26 Top Foreign Direct Investment Stock 2012, Trillions Source: Brookings analysis of NETS, D&B, Moody’s and BEA data
  27. 27. US Share of Global FDI Flows 24.7% 1998 10.9% 2013 Source: Brookings analysis of NETS, D&B, Moody’s and BEA data
  28. 28. Can we realize the potential of global markets?
  29. 29. Advanced Industries Innovation Human Capital Infrastructure
  30. 30. Software Computer Systems Design Telecommunications R&D Consulting Services Services Pharmaceuticals Advanced Machinery Medical EquipmentMotor Vehicles & Parts Computer & Electronic Devices Aerospace Manufacturing Advanced Industries
  31. 31. 85%advanced industry share of private sector R&D 67%advanced industry share of patents 30%advanced industry share of engineers Sources: Brookings analysis of BRDIS, Strumsky-Lobo Patent Database, and OES data Advanced Industries
  32. 32. Drive Productivity in Other Industries Stimulate Local Economies Support Long Supply Chains Develop Technology that Transforms Lives Advanced Industries
  33. 33. Advanced Industries Innovation Human Capital Infrastructure
  34. 34. Japan 3.5% 4.4% France United States United Kingdom 3.1% European Union 5.0%3.8% Germany South Korea China 5.5% 10.9% 20.7% Growth of Domestic R&D Expenditures Average Annual Growth, 2001-2011 Source: National Science Foundation, SEI 2014 Innovation
  35. 35. Advanced Industries Innovation Human Capital Infrastructure
  36. 36. Source: US Census Bureau, 2010 American Community Survey Hispanics 19% African Americans Non-Hispanic Whites Asians 25% 39% 56% Educational Attainment Associate’s Degree or Higher United States 36% Human Capital
  37. 37. Source: US Census Bureau, 2010 American Community Survey Hispanics 19% African Americans 25% Educational Attainment Associate’s Degree or Higher Human Capital
  38. 38. Advanced Industries Innovation Human Capital Infrastructure
  39. 39. Infrastructure Transport Networks are Clogged and Congested
  40. 40. Metros are centers of global trade and investment 1 2 31 2 3
  41. 41. Source: Brookings analysis of US Bureau of Economic Analysis data
  42. 42. Seattle Metropolitan Area Source: Brookings, Metropolitan Areas and the Next Economy (2011) Population 63% GDP 51% Washington
  43. 43. Seattle, Portland, Spokane, Olympia, Kennewick-Pasco-Richland, Bremerton-Silverdale, Yakima, Bellingham, Mount Vernon-Anacortes, Wenatchee, Longview and Lewiston Metropolitan Areas Source: Brookings, Metropolitan Areas and the Next Economy (2011) Population 92% GDP 88% Washington
  44. 44. Service Exports 75% 63% Manufacturing Exports Population 66% Top 100 Metro Exports Share of U.S. Totals Source: Brookings, ExportNation 2012
  45. 45. Top 100 Metro Exports Chemical Products 68% 76% Business/ Professional Services Computer/ Electronic Products 78% Population 66% Share of U.S. Totals Source: Brookings, ExportNation 2012
  46. 46. Top 100 Metro International Connectivity Air Cargo 83% 83% Water Cargo Air Passengers 96% Population 66% Share of U.S. Totals Source: Brookings, Global Gateways (2012) and Metro Freight (2013)
  47. 47. Population 66% Advanced Industry Employment 74% FDI Employment 74% Employment in Advanced Industries and Foreign-Owned Firms Top 100 Metro Share of U.S. Totals
  48. 48. Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA, warrior481.blogspot.com
  49. 49. Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA, warrior481.blogspot.com
  50. 50. Seattle, WA - Human Capital & Innovation Dashboard Education Top 100 Metros Seattle Metro Bachelor’s Degree Attainment 31.8% 37.0% STEM Jobs 25.9% Share of Jobs in STEM 4th of Top 100 Metros 38.5% STEM Jobs Not Requiring BA 97th of Top 100 Metros Patents 3,968 Total Patents, 2007-2011 5th of 358 Metros 2.3 Patents per 1k Workers 15th of 358 Metros Top Patenting Firms Microsoft Boeing Invention Science Fund Intel University of Washington
  51. 51. $47.1 b Top 100 Metros Seattle Metro Export Intensity 12.7% 20.3% Export Value Goods & Services Exports 25.1% services share of exports 74.9% goods share of exports Top Goods SectorsTop Goods Sectors Aircraft Products and Parts 57.4% Petroleum and Coal Products 2.3% General Purpose Machinery 1.6% Top Services SectorsTop Services Sectors IT Royalties 8.3% Freight and Port Services 1.7% Air Transportation Services 1.5% Source: Brookings, ExportNation 2013 Seattle, WA - Export Dashboard
  52. 52. Foreign Direct Investment Jobs 65,045 FDI Employment 14th of Top 100 Metros Top Foreign Employers Metro-to-Metro Investment Wireless Telecommunications T-Mobile Suncom Triton Powertel Aerospace C&D Zodiac IDD Aerospace Jamco Compass- Aerospace NW Computer Systems Design NCSoft Atos IT Solutions Avande Areva T&D Top Investor Metros by JobsTop Investor Metros by JobsTop Investor Metros by Jobs 1 Dusseldorf, Germany 13.4% 2 Tokyo, Japan 12.7% 3 Paris, France 7.8% 4 Montreal, Canada 6.1% 5 Toronto, Canada 4.6% 6 Vancouver, Canada 4.6% 7 Sydney, Australia 3.9% 8 Oxford, England 3.5% Seattle, WA - Foreign Investment Dashboard 4.6% FDI Employment Intensity 57th of Top 100 Metros
  53. 53. $185.3 b Top 100 Metros Seattle Metro International Trade Share 15.8% 20.8% Total Goods Trade Goods Trade Air Travel International Passengers 13th of Top 90 Metros15th of Top 100 Metros 2,748,861 Top Metros of Origin/DestinationTop Metros of Origin/DestinationTop Metros of Origin/Destination 1 Seoul-Incheon, South Korea 5.0% 2 London, United Kingdom 4.6% 3 Tokyo, Japan 3.9% 4 Victoria, Canada 3.9% 5 Vancouver, Canada 3.8% 6 Puerto Vallarta, Mexico 3.2% 7 San Jose Del Cabo, Mexico 3.1% 8 Beijing, China 2.6% Top Global Country/ Region Trading Partners Top Global Country/ Region Trading Partners Top Global Country/ Region Trading Partners 1 China 5.6% 2 Japan 2.4% 3 Canada 2.2% 4 Mexico 1.7% 5 Other South-Eastern Asia 1.2% 6 Other Western Asia 1.0% 7 South Korea 0.9% 8 Other Northern Europe 0.7% Seattle, WA - Freight & Air Dashboard
  54. 54. 1 2 31 2 3 Metros are engaging globally in new ways METRO INNOVATION
  55. 55. Catalyze Trade & Investment
  56. 56. Legacy of Global Orientation Seattle as aGloballyCompetitiveRegion
  57. 57. Market Assessment Target Sectors 8% 9% 12% Economic Profile 15% 12% 13% 9% Establish Goals & Strategies Boost SME exports Increase global fluency Double exports Support key sectors Government Philanthropy Firms Universities Collaborate to Compete Global Cities Exchange
  58. 58. Branding Global Cities Exchange PORTLAND WEBUILD GREENCITIES I amsterdam
  59. 59. Catalyze Trade & Investment Invest in What Matters
  60. 60. CHICAGO $70 million Digital Manufacturing & Design Innovation Institute Lightweight & Modern Metals Manufacturing Innovation Institute DETROIT $70 million National Additive Manufacturing Innovation Institute YOUNGSTOWN $30 million Innovation Human Capital Infrastructure National Network for Manufacturing Innovation Next Generation Power Electronics Manufacturing Innovation Institute RALEIGH $70 million
  61. 61. Innovation Human Capital Infrastructure
  62. 62. Innovation Human Capital Infrastructure PORTMIAMI Expansion and improvements
  63. 63. PORTMIAMI Innovation Human Capital Infrastructure Deep Dredge Project $220 million project, funded solely through state & local resources Port of Miami Tunnel Innovative public-private partnership Intermodal Rail Reconstruction Project Financed with competitively-awarded federal funds to a partnership of the port, county & railway
  64. 64. Catalyze Trade & Investment Invest in What Matters Network Globally
  65. 65. Chicago Mexico City
  66. 66. Chicago Mexico City2nd largest Mexican immigrant population resides in Chicago metro area 130 Chicago-based firms with operations in Mexico City $1.7 billion total bilateral trade of locally produced products 290,000 tourists and business travelers between Chicago and Mexico City per year
  67. 67. GLOBAL CITIES ECONOMIC PARTNERSHIP
  68. 68. Watch on YouTube
  69. 69. GLOBAL CITIES INITIATIVE A J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E Seattle, WA / April 10, 2014 @bruce_katz #globalcities

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