Transcript Session ?: Title

The Region and Education in a
Global Economy
Presented by
Dr. Steven G. Cochrane
Managing Director
Economy.com, Inc.
© 2005 Economy.com
Slide 1
Transportation Centers
20 highest concentrations of transport employment
No. & Central NJ
Chicago
San Francisco
Indianapolis
Salt Lake
Denver
Los Angeles
Riverside
Kansas City
Louisville
Memphis
Greensboro
Charlotte
Atlanta
Ft. Worth/
Dallas
Houston New Orleans
Jacksonville
Miami
Among metro areas with population greater than 1 million
© 2005 Economy.com
Slide 2
20 Largest Ports By Dollar Volume of Import and Export Flows, 2003
$ mil, includes land, sea and air cargo, by Customs District
Los Angeles CA
New York NY
Detroit MI
Laredo TX
New Orleans LA
Houston TX
San Francisco CA
Chicago IL
Seattle WA
Buffalo NY
Miami FL
Cleveland OH
Savannah GA
El Paso TX
Boston MA
Philadelphia PA
San Diego CA
Charleston SC
Dallas TX
Ogdensburg NY
0
50,000
100,000
150,000
© 2005 Economy.com
200,000
250,000
Slide 3
20 Largest Ports By Growth Rate
Annualized Growth, 1999 to 2003, includes land, sea and air cargo, by Customs District
Dallas TX
Houston TX
Philadelphia PA
Charleston SC
Savannah GA
New Orleans LA
Chicago IL
El Paso TX
San Diego CA
Los Angeles CA
Laredo TX
Boston MA
New York NY
Cleveland OH
Detroit MI
Ogdensburg NY
Miami FL
Seattle WA
Buffalo NY
San Francisco CA
-10
-5
0
© 2005 Economy.com
5
10
15
Slide 4
Export Exposure
Value of exports of goods, % share of gross state product, 2004
Low: < 5%
Average: 5% to 7%
Sum of states = 6.6%
High: > 7%
Tristate area = 4.2%
© 2005 Economy.com
Slide 5
Composition of Exports Produced In The Tri-State Area
% share of total regional exports of goods and commodities, 2004
8.5% ↓
Chemicals
3.3% ↔
Computers/electronics
Non-elect. machinery
4.3% ↓
Transport. equip.
2.5% ↓
14.0% ↔
Primary metals
0
Share of U.S. total;
Stable (↔) or falling (↓) share
5
10
15
20
25
30
Share of Tri-State Exports
© 2005 Economy.com
Slide 6
Global Cities
Based on accounting, advertising, banking, and legal services
Montreal
Minneapolis
Toronto
Boston
New York
Chicago
San Francisco
Washington DC
Los Angeles
Atlanta
Dallas
Houston
Miami
Red: Alpha world cities
Blue: Beta world cities
Maroon: Gamma world cities
Beaverstock, Smith & Taylor, Cities, 16(6), 1999, pp 445-458
www.lboro.ac.uk/gawc/rb/rb5.html
© 2005 Economy.com
Slide 7
Top Medical Manufacturing and Research Locations
Based on employment and NIH funding
Seattle
Ann Arbor
Ithaca
State
College
Minneapolis
Madison
Chicago
San Francisco
San Jose
Urbana
Oakland
Columbu
s
Indianapolis
Boston
New Haven
New York/Nassau
Newark/ Middlesex
Philadelphia
Baltimore
Washington DC
St. Louis
Los Angeles/ Ventura
Orange County
San Diego
Raleigh
Bryan-College Station
Manufacturing
Research
Both
Anchorage
© 2005 Economy.com
Slide 8
Threat From Offshoring
Projected distribution of U.S. job losses due to offshoring
2004
2014
Manufacturing
67%
41%
Trade/Trans./Util.
4%
7%
Information
4%
5%
Financial Svcs.
10%
17%
Prof./Business Svc.
11%
18%
Education/Health
2%
4%
Leisure/Hospitality
2%
2%
Other Services
1%
1%
Government
1%
4%
Total (ths.)
390
808
© 2005 Economy.com
Slide 9
Local Threat From Offshoring Of Jobs
Of 64 metro areas over one million population:
Philadelephia ranks 26th
Central New Jersey ranks 6th
Top five:
Dallas, Denver, Seattle, Kansas City, Atlanta
© 2005 Economy.com
Slide 10
Local Industries/Occupations With Global Advantages
Less Global Competition; High Competency:
• Education Services
• Health Care Services
More Global Competition; High Competency:
• Legal Services
• Accounting Services?
High Competency but Globally Mobile
• Pharmaceuticals R&D/Manufacturing
© 2005 Economy.com
Slide 11