Updated on September 19, 2011
Richard Florida puts Vancouver among top 25 global urban power houses
Cities are the engine rooms of the global economy, says urbanist Richard Florida, and Vancouver ranks 20th of the top 25 most powerful cities economically.
Tucked between Montreal and Vienna, Vancouver scores well for financial services and innovation. Number 1, surprisingly given all the talk about Japanese economic stagnation is Tokyo. Says Florida:
“Economists increasingly argue that clustering, concentration, and density stand alongside land, labor, and capital as key features that shape economic growth.”
Despite cynicism in some quarters, Vancouver is increasingly strong as a centre for green jobs and important creative sectors like film and digital entertainment. As for density? It’s fair to say that’s a work in progress.