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The Region and Education in a Global Economy

The Region and Education in a Global Economy. Dr. Steven G. Cochrane Managing Director Economy.com, Inc. Chicago. Indianapolis. Salt Lake. Kansas City. Denver. Louisville. Greensboro. Memphis. Los Angeles. Charlotte. Riverside. Atlanta. Ft. Worth/ Dallas. Jacksonville. Houston.

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The Region and Education in a Global Economy

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  1. The Region and Education in a Global Economy Dr. Steven G. Cochrane Managing Director Economy.com, Inc.

  2. Chicago Indianapolis Salt Lake Kansas City Denver Louisville Greensboro Memphis Los Angeles Charlotte Riverside Atlanta Ft. Worth/ Dallas Jacksonville Houston New Orleans Miami Transportation Centers 20 highest concentrations of transport employment No. & Central NJ San Francisco Among metro areas with population greater than 1 million

  3. 20 Largest Ports By Dollar Volume of Import and Export Flows, 2003 $ mil, includes land, sea and air cargo, by Customs District

  4. 20 Largest Ports By Growth Rate Annualized Growth, 1999 to 2003, includes land, sea and air cargo, by Customs District

  5. Export Exposure Value of exports of goods, % share of gross state product, 2004 Tristate area = 4.2%

  6. Composition of Exports Produced In The Tri-State Area % share of total regional exports of goods and commodities, 2004 8.5% ↓ 3.3% ↔ 4.3% ↓ 2.5% ↓ 14.0% ↔ Share of U.S. total; Stable (↔) or falling (↓) share

  7. 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

  8. Top Medical Manufacturing and Research Locations Based on employment and NIH funding Seattle Ann Arbor Ithaca State College Minneapolis Boston Madison New Haven New York/Nassau Newark/ Middlesex Chicago Columbus Philadelphia San Francisco Urbana Oakland Baltimore Indianapolis San Jose Washington DC St. Louis Los Angeles/ Ventura Raleigh Orange County San Diego Bryan-College Station Manufacturing Research Anchorage Both

  9. 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

  10. 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

  11. 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

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