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Permanence of Economic Potential of Cities Based on Sector Develop-ment

Piotr RAŹNIAK Sławomir DOROCKI Anna WINIARCZYK-RAŹNIAK

Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. 中国地理科学, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
引用本文: Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. 中国地理科学, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. Chinese Geographical Science, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
Citation: Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. Chinese Geographical Science, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5

Permanence of Economic Potential of Cities Based on Sector Develop-ment

doi: 10.1007/s11769-017-0850-5
详细信息
    通讯作者:

    Piotr RAŹNIAK.E-mail:prazniak@up.krakow.pl

Permanence of Economic Potential of Cities Based on Sector Develop-ment

More Information
    Corresponding author: Piotr RAŹNIAK.E-mail:prazniak@up.krakow.pl
  • 摘要: The paper attempts to answer the following key question:how will a city's world rank change in the face of crisis in its main economic sector? Crisis is defined here as a decline in financial performance in the given sector, which leads to the decline of its constituent firms and corporations on the world economic scene. The World Economic Center Index (WECI) has been created in order to rank cities based on the value of their resident corporations by sector and show their level of stability upon the removal of the most important sector. This provides information on the potential of each analyzed city as well as on its advanced features or area of specialization. Research has shown that nearly half the World Economic Centers are dominated by the financial and materials sectors of the economy. Different sectors dominate different regions of the world. For example, consumer staples and materials were dominant in North America, while information technology and financials were dominant in Europe. In Asia, several sectors tend to dominate the economy. Research has shown that the ability of a principal economic sector to resist economic crisis largely depends on the strength of the command and control function of a city. Finally, a high globalization level of a city is a key determinant of its susceptibility to economic crisis.
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出版历程
  • 收稿日期:  2015-10-08
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Permanence of Economic Potential of Cities Based on Sector Develop-ment

doi: 10.1007/s11769-017-0850-5
    通讯作者: Piotr RAŹNIAK.E-mail:prazniak@up.krakow.pl

摘要: The paper attempts to answer the following key question:how will a city's world rank change in the face of crisis in its main economic sector? Crisis is defined here as a decline in financial performance in the given sector, which leads to the decline of its constituent firms and corporations on the world economic scene. The World Economic Center Index (WECI) has been created in order to rank cities based on the value of their resident corporations by sector and show their level of stability upon the removal of the most important sector. This provides information on the potential of each analyzed city as well as on its advanced features or area of specialization. Research has shown that nearly half the World Economic Centers are dominated by the financial and materials sectors of the economy. Different sectors dominate different regions of the world. For example, consumer staples and materials were dominant in North America, while information technology and financials were dominant in Europe. In Asia, several sectors tend to dominate the economy. Research has shown that the ability of a principal economic sector to resist economic crisis largely depends on the strength of the command and control function of a city. Finally, a high globalization level of a city is a key determinant of its susceptibility to economic crisis.

English Abstract

Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. 中国地理科学, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
引用本文: Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. 中国地理科学, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. Chinese Geographical Science, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
Citation: Piotr RAŹNIAK, Sławomir DOROCKI, Anna WINIARCZYK-RAŹNIAK. Permanence of Economic Potential of Cities Based on Sector Develop-ment[J]. Chinese Geographical Science, 2017, 27(1): 123-136. doi: 10.1007/s11769-017-0850-5
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