There are certain markers that define superstar sectors, cities and firms in the global economy. Any analysis on the economic profit of firms can be extended to sectors and cities where the economic activity is taking place in. Firms move along in a power curve. Sectors also do not move in any uniform pattern, but continuously evolve. Cities have their own sources to derive power from. As per business intelligence supplied by the McKinsey Global Institute (MGI), fifty most power cities have been identified in terms of economic footprint. Atlanta, Boston, Seattle, Houston, Dallas, Chicago and five more are the leading lights of North America. In India, it is Mumbai and New Delhi. In Europe, Amsterdam, Brussels, London, Madrid, Milan and Paris make up among the nine of the most prominent ones. Questions are finally posed to gauge further business research and the implications these lead to.

Source:https://www.mckinsey.com/featured-insights/innovation-and-growth/superstars-the-dynamics-of-firms-sectors-and-cities-leading-the-global-economy

Uploaded Date:15 May 2019