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The Big Picture San Diego Blog


San Diego's Global Summit: welcome to our metropolitan revolution

January 14, 2015

The post below is part of an on-going series leading up to San Diego's Global Summit, a global competitiveness initiative EDC will formally launch on March 11. Subscribe here to receive new posts every Wednesday on this topic.
 
A revolution is stirring in America. Like all great revolutions, one starts with a simple but profound truth: Cities and metropolitan areas are the engines of economic prosperity and social transformation in the United States.” – Bruce Katz and Jennifer Bradley, The Metropolitan Revolution
 
The Great Recession had profound impacts on the national economy: businesses closed; unemployment increased; homes were liquidated. The U.S. experienced the repercussions of taking on large debt and focusing on consumption rather than production, innovation, and entrepreneurship. 

metro revolutaion

Enter Bruce Katz.  
Katz wrote The Metropolitan Revolution as a response to the inaction of the federal government to move the national economy in the right direction. Metropolitan regions, Katz argues, will drive the future growth and prosperity of the U.S. economy, not the federal government.
 
The top 100 metropolitan regions of the United States hold only 12 percent of the total land mass but they account for more than 66 percent of the nation’s population. With this high concentration of people, these economic powerhouses account for 75 percent of the entire country’s GDP, and 78 percent the nation’s patents - a sign of regions' innovative power. 

 

Top 100 metros

Credit: The Brookings Institute 

Putting words into action, Katz and his team at the Metropolitan Policy Program launched the Global Cities Initiative, a five-year project of Brookings and JPMorgan Chase aimed at helping the leaders of metropolitan areas strengthen their regional economies by becoming more competitive in the global marketplace.

On March 11, EDC and partners will publicly launch San Diego's Global Summit presented by JP Morgan Chase with Katz by our side. Katz will be keynoting the event , where he will discuss San Diego’s – and other metros’ – strength in the global economy. In particular, his keynote will discuss San Diego's ability to innovate and adapt to world-changing events and grow its economy.

More information about San Diego's Global Summit on March 11 is available here.

Leading up to March 11, we’ll be giving a rundown of some panelists, guest speakers and programs involved in San Diego's Global Summit every Wednesday on our blog.

Next week: where does San Diego stack up when it comes to its ranking in the national economy? Here’s a hint:  We’re 17th in GDP and population, but 61st in export intensity. As a region,we have the opportunity to change this.