World Economic Centres in United States – Present State and Perspectives

  • Piotr Raźniak Uniwersytet Pedagogiczny w Krakowie Instytut Geografii Zakład Geografii Społeczno-Ekonomicznej
  • Sławomir Dorocki Uniwersytet Pedagogiczny w Krakowie, Instytut Geografii, Zakład Przedsiębiorczości i Gospodarki Przestrzennej
  • Anna Winiarczyk-Raźniak Uniwersytet Pedagogiczny w Krakowie Instytut Geografii Zakład Geografii Społeczno-Ekonomicznej
Keywords: corporation, headquarters, industry sectors, World Economic Center

Abstract

In the globalisation process, the largest corporations are becoming stronger despite the emerging economic crises. Cities with large corporations in their area can develop command and control functions in the global economy. In this case, Beijing has the strongest command and control function and next are New York, Tokyo, London and Paris. The aim of the study is to determine the level of resilience of command and control function to the crisis of the dominant sector creating this function in the cities of the United States and the perspectives of their resilience by 2025. The application was based on the perspectives of the World Economic Center Index (WECI). The ratio was based on the standardised values of the financial results of corporations located in the metropolitan area, taking into account its economic potential and sectoral diversification. In 2006–2016, most of the American World Economic Centers (WEC) dropped the number of headquarters, but at the same time increased resilience to the crisis in the main sector, and the most important WEC in the USA are now New York, Chicago, Houston and San Jose. It has been shown that the resilience of US cities to the command and control function crisis increased later than the market value of companies after the economic slowdown of 2008. In turn, in 2025, the most important World Economic Centers in the United States will be New York, Chicago, San Jose and San Francisco. No spatial dependence was observed in the projected dynamics of WECI values. Declines in value, as well as increases occur more or less evenly across the entire country. Also, the impact of a specific sector on the dynamics of the WECIs are not visible.

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Author Biographies

Piotr Raźniak, Uniwersytet Pedagogiczny w Krakowie Instytut Geografii Zakład Geografii Społeczno-Ekonomicznej
Piotr Raźniak, Ph.D., assistant professor at the Institute of Geography of the Pedagogical University of Cracow, Poland. Corporations, hierarchies of world cities, problems of functioning of metropolitan areas, spatial structure of corporations and command and control functions of cities created by large corporations are included in his research interests.
Sławomir Dorocki, Uniwersytet Pedagogiczny w Krakowie, Instytut Geografii, Zakład Przedsiębiorczości i Gospodarki Przestrzennej
Sławomir Dorocki, Ph.D., Department of Entrepreneurship and Spatial Management, Institute of Geography, the Pedagogical University of Cracow. Sławomir Dorocki has graduated from the Pedagogical University of Cracow, MA degree in Geography, Ph.D. in History (Institute of European Studies of the Jagiellonian University). Associate professor at the Pedagogical University of Cracow, Institute of Geography. His research interests are connected to regional problems and processes of socio-economic regionalisation, with particular emphasis on the diversity of Europe, processes of European integration, historical conditions, and application of computer and statistical methods in the study of diversity of space.
Anna Winiarczyk-Raźniak, Uniwersytet Pedagogiczny w Krakowie Instytut Geografii Zakład Geografii Społeczno-Ekonomicznej
Anna Winiarczyk-Raźniak, Ph.D., assistant professor at the Institute of Geography of the Pedagogical University of Cracow. Her research interests include level and quality of life, development and problems of functioning of metropolitan areas, suburbanisation and social geography of Latin America.

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Published
2018-09-21
How to Cite
RaźniakP., DorockiS., & Winiarczyk-RaźniakA. (2018). World Economic Centres in United States – Present State and Perspectives. Studies of the Industrial Geography Commission of the Polish Geographical Society, 32(3), 116-127. https://doi.org/10.24917/20801653.323.7

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