GEOG 1130 Lecture Notes - Optical Fiber Cable, Financial Centre, Gross Metropolitan Product
Document Summary
1970"s: ny was on the verge of bankruptcy. New york region: 18. 3 population (3rd largest in the world) . 28 trillion metro gdp (2010, #1 in the us) The city consists of 5 burrows: manhattan, stattan island, brooklyn, the bronx, queens. Historic immigrant working class = east village/lower east side = subject to gentrification. West village: greenwich village = historically associated w/ bohemian, counter-culture group. Manhattan - > 905 services; 55% in quaternary sector. Largest conglomeration of business services in the world. Command and control centre of us/international business. Role as a financial centre strengthened since 1970. 40% of us firms derive half or more of their profits are located in nyc. 2009: more than 400 foreign banks: stock market strength; dwarfs anything else in the world, telecommunications: allows money to plunge down to earth. Ny terminus of transatlantic fibre optic cable trunkline: 430 gbit/s: 158 gbit/s in washington dc. Telecommunications centre teleport complex on staten island.
