New report from the Global Cities Initiative focuses on metros as hubs of advanced industries
Nov 08, 2013
A new report released as part of the Global Cities Initiative – a joint project between JPMorgan Chase and Brookings – focuses on the continental relationships between the United States, Mexico and Canada, twenty years after the enactment of NAFTA.
Brookings’ Metro North America: Metros as Hubs of Advanced Industries and Integrated Goods Trade offers the first-ever analysis of production and trade among cities and metropolitan areas in the United States, Mexico, and Canada. The research includes trade profiles for each of the 100 largest 100 largest US metro areas, 59 metro areas in Mexico and 33 metro areas in Canada.
Key findings from the research include:
- Metropolitan areas in the United States, Canada, and Mexico contain 77 percent of the three countries’ total population but generate 86 percent of their combined GDP.
- U.S. metropolitan areas traded $512 billion in goods with Canadian and Mexican metropolitan areas in 2010.
- Advanced industries—aerospace, automotive, electronics, machinery, pharmaceuticals, and precision instruments—account for 47 percent of goods trade in North America, and metro areas account for 69 percent of trade in advanced industries.
- Goods trade in key advanced industries binds distinct sets of metropolitan areas across North America.