Presentation by Bruce Katz, Vice President of the Brookings Institution and Director of the Metropolitan Policy Program.
Global Cities Initiative forum in Seattle, WA on April 10, 2014.
The Global Cities Initiative is a Joint Project of Brookings and JPMorgan Chase.
For more information: http://www.brookings.edu/projects/global-cities.aspx
Global Cities Initiative Report Highlights Opportunities for Trade, Investment
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
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. 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. 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. 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. 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.
20. 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
26. 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
31. Software Computer Systems
Design
Telecommunications R&D Consulting
Services
Services
Pharmaceuticals Advanced
Machinery
Medical EquipmentMotor Vehicles &
Parts
Computer & Electronic
Devices
Aerospace
Manufacturing
Advanced Industries
32. 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
33. Drive Productivity in
Other Industries
Stimulate Local
Economies
Support Long
Supply Chains
Develop Technology that
Transforms Lives
Advanced Industries
37. 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
38. Source: US Census Bureau, 2010 American Community Survey
Hispanics
19%
African
Americans
25%
Educational Attainment
Associate’s Degree or Higher
Human Capital
46. 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
48. 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
49. 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)
53. 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
Source: Brookings, State of Metropolitan America (2012), The Hidden STEM Economy (2013) and Patenting Prosperity (2013)
54. Source: Brookings, ExportNation (2013)
$47.1 b
Top 100
Metros
Seattle
Metro
Export Intensity
12.7%
20.3%
Export Value
Goods & Services Exports
25.1%
goods 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%
Seattle, WA - Export Dashboard
55. Source: Forthcoming Brookings research on metropolitan FDI
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
56. Source: Brookings, Global Gateways (2012) and Metro Freight (2013)
$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
57. 1 2 31 2
3
Metros are engaging
globally in new ways
METRO
INNOVATION
63. 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
66. 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
69. 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
72. 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