World Economic Centres in United States – Present State and Perspectives Cover Image

Światowe centra ekonomiczne w Stanach Zjednoczonych – stan obecny i perspektywy rozwoju
World Economic Centres in United States – Present State and Perspectives

Author(s): Anna Winiarczyk-Raźniak, Sławomir Dorocki, Piotr Raźniak
Subject(s): Supranational / Global Economy, Transformation Period (1990 - 2010), Present Times (2010 - today), Globalization
Published by: Wydawnictwo Naukowe Uniwersytetu Pedagogicznego w Krakowie
Keywords: corporation; headquarters; industry sectors; World Economic Center;

Summary/Abstract: In the globalisation process, the largest corporations are becoming stronger despite the emerging economic crises. Cities with large corporations in their area can develop command and control functions in the global economy. In this case, Beijing has the strongest command and control function and next are New York, Tokyo, London and Paris. The aim of the study is to determine the level of resilience of command and control function to the crisis of the dominant sector creating this function in the cities of the United States and the perspectives of their resilience by 2025. The application was based on the perspectives of the World Economic Center Index (WECI). The ratio was based on the standardised values of the financial results of corporations located in the metropolitan area, taking into account its economic potential and sectoral diversification. In 2006–2016, most of the American World Economic Centers (WEC) dropped the number of headquarters, but at the same time increased resilience to the crisis in the main sector, and the most important WEC in the USA are now New York, Chicago, Houston and San Jose. It has been shown that the resilience of US cities to the command and control function crisis increased later than the market value of companies after the economic slowdown of 2008. In turn, in 2025, the most important World Economic Centers in the United States will be New York, Chicago, San Jose and San Francisco. No spatial dependence was observed in the projected dynamics of WECI values. Declines in value, as well as increases occur more or less evenly across the entire country. Also, the impact of a specific sector on the dynamics of the WECIs are not visible.

  • Issue Year: 32/2018
  • Issue No: 3
  • Page Range: 116-127
  • Page Count: 12
  • Language: Polish