'Cities and their surrounding metro regions are the economic engines of our time'
..clustering, concentration, and density stand alongside land, labor, and capital as key features that shape economic growth.
The Swedish capital is the 25th most economically powerful city in the world (tied with Dublin), according to the US magazine The Atlantic, which states that cities and their surrounding metro regions are the real financial engines of our time. Cities bring together talented and ambitious people and the assets they need to succeed. Cities propel innovation and enterprise that spur long-term prosperity forward. ADVERTISEMENT
The most economically powerful city in the world today is, according to The Atlantic’s list, Tokyo with an economic output of $1.2 trillion, a global economic power score of .992, and a financial center score of 697. Its innovation rank is No.1.
Stockholm’s economic output is $49 billion, its global economic power score .439, and its financial center score 605. Stockholm’s innovation rank is No.18.
The Global Economic Power Index reflects three key dimensions of economic power—economic, financial, and innovative. Economic Power is measured as economic output or gross regional product. Financial Power is based on the Global Financial Centers Index, which ranks the banking and financial power of cities across the world. Innovation is based on patenting activity.
According to the article in The Atlantic, American cities account for nearly 90 percent of total U.S. economic output, and 85 percent of U.S. jobs. The American city that tops the list is New York, which comes in second after Tokyo.
You find the article in The Atlantic here: The 25 Most Economically Powerful Cities in the World
A more personal view of Stockholm: Stockholm Walkabout