Brookings Institution report shows Cleveland still a big economic force - OPENERS - Ohio Politics Blog by The Plain Dealer -- Liz Auster has study material here that backs up what we've been saying all along: we're intrinsically rich here and have many God-given advantages, and responsibilities. She uses the term "big picture." Take note.
Add to the Brookings material the facts that we are close to large amounts of water, have a temperate climate, are a great place to raise a family, and happen to be very affordable, and you can see why people commute to work in NYC from here.
I'm going to copy her article in it's entirety, since the PD content disappears after a while. It says there's a Permalink, but I still don't know what their definition of "perma" is:
Brookings Institution report shows Cleveland still a big economic force
Posted by Elizabeth Auster November 06, 2007 00:01AM
• Click to download a Plain Dealer graphic about the study. (PDF)•
Find out more on the Brookings Web site.
Cleveland might rank as one of the nation's poorest big cities. It might be bleeding people as well as jobs. But don't despair. The big picture isn't quite so dreary.
Greater Cleveland still plays an outsized role in the economy of Ohio, the nation and the world, says a report being released Tuesday by the Brookings Institution, a Washington think tank.
The Cleveland metropolitan area, which stretches from Elyria to Mentor, ranked 23rd nationally in employment in 2005, with 1.1 million jobs - more than any other metro area in Ohio. And Cleveland was the only metropolitan area in Ohio to make it onto a 2006 list of the world's 25 most competitive cities compiled by the Paris-based Organization for Economic Development.
In Ohio, the Cleveland metro area accounts for a disproportionate share of economic activity, generating 22.5 percent of the state's gross domestic product even though it has only 18.5 percent of the state's population, the study says.
The numbers reflect the continuing potency not only of Cleveland, but also of large metropolitan areas nationwide, says Bruce Katz, director of Brookings' Metropolitan Policy Program. The nation's 100 largest metro areas claim only 12 percent of the land mass in the United States, but account for 65 percent of its population, 68 percent of its jobs, and 75 percent of U.S. gross domestic product.
Metropolitan areas are showing surprising economic resilience, Katz says, despite predictions in recent decades that Americans increasingly would move from urban centers to "the hinterlands" as manufacturing declined, technology exploded and telecommuting became more of an option.
"The opposite has really occurred," says Katz. "The most sophisticated and wealth-generating firms in our country, as in Europe, as in Asia, crave proximity."
Metropolitan areas, which can include suburban and rural areas that surround cities, continue to be powerful forces, he says, because the knowledge-based economy thrives on access to large pools of educated workers, specialized legal and financial firms and institutions of higher learning. Innovative companies prefer being near clusters of similar firms, he says, because the closeness allows ideas to be shared rapidly.
The Brookings report is part of a multi-year project that aims to assess the strengths and weaknesses of metropolitan areas and recommend steps government can take to help them compete more effectively in the global economy.
The report contends that the federal government too often overlooks the changing needs of U.S. metropolitan areas and spends money in a scattershot way that undermines their growth.
Despite the strength of Cleveland and other U.S. metropolitan areas, the report says, there are signs of slippage. Between 1975 and 2005, for example, other nations increased their patenting activity faster than the United States. As a result, the share of U.S. patents that originated in the United States fell from 65 to 52 percent, the report says.
During the same 30-year period, Cleveland's share of Ohio's patents fell from 27 to 22 percent, says Alan Berube, research director of Brookings' Metropolitan Policy Program.
The first post in a long time.
2 weeks ago