If you have ever pondered where the most popular and most influential economic hubs are then this article is ideal for you.
Unsurprisingly, the USA tops the rankings for highest GDP, even so much of this is down to a selection of cities creating and dealing with much of the resources within the nation. The biggest financial cities in the US are on the East coast, which is partly due to the easy fact they have actually existed for much longer than those in the West. Whilst California is the leader in terms of engineering growth, the East coast city of New York is the banking capital of the US. The investor in Bank of America is well established in the city, after owning part of the firm that has headquarters in New York. There is such a vast amount of finance in the city because it has the well-known stock exchange market there, known as Wall Street.
Asian markets have been growing at an astounding speed over the last couple decades and that is down to numerous factors. There has been sizeable funding on the continent, both from outside sources but also businessmen and women realising that there is an amazing amount of chances. Probably the most vital economic hub in south east asia is in Hong Kong. Even though the region is reasonably small and lacks natural resources, it doesn't prevent it being highly lucrative and effective. The city is a financial hub, and that is attributable to the investment from organisations such as the activist investor in the Bank of East Asia. The city has so much investment and wealth that it has the most skyscrapers from any city in the world, and for a region that is moderately limited it makes the fact even more unexpected. The city has its own legal tender, which is actually the 13th most traded currency yet it only has a population of around 8 million, so this fact proves how significant a place Hong Kong is in economic terms. The area was not always influential; even so it became vital to trade due to its tactical geographical place.
Unlike so many nations, Germany’s financial capital is not located in its greatest city. Berlin is the capital and the largest city in the country, however the majority of the German banks and finance firms are located in the city of Frankfurt. Germany is the economic powerhouse of Europe, so of course the banking and finance industry in the nation will also be extensive. The large investors in Deutsche Bank have a strong foothold in the city, as the bank is the biggest in the country, and so one of the largest Europe. Even though Frankfurt is known mainly as the financial hub of the nation there is still a great deal of other interesting things too, such as watch the effective football team situated in the city.