Time has an excellent articles on A Tale of 3 Cities, which enumerates the financial power of the three leading cities, New York, London, and Hong Kong.

It is well written, laced not only with the proper statistics, but was able to capture the essence of what is New York, what causes the resurgence of London, as well as the role of Hong Kong in the China economy.

A couple of stats leap to mind - which is that 31% of Londoners come from outside Britain, 34% of New Yorkers are from outside US, while 40% of Hong Kongers are born outside of Hong kong.  I guess that illustrates that when you want to compete in today’s globalization economy, mobility of the workforce, and their ease of coming in or going out of your city is crucial.

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