From the AJC’s Atlanta’s global economic standing: #189:
Atlantaâ€™s economy â€“ primarily its employment and income gains over the last year â€“ were so anemic that the city came in at No. 189 in the think tankâ€™s list of top 200 global performers. Atlanta shares a particularly dÃ©classÃ© neighborhood filled with the likes of Richmond (No. 191), Madrid (195) and Athens (200).
Still, Brookings discovered that â€œthe most rapidly growing metropolitan economies lie outside the U.S. and Western Europeâ€ in its report released Wednesday. The 200 cities represent 14 percent of the worldâ€™s population, but half its economy.
â€œLarge, mature metro economies like Tokyo, New York, and London still have a lot of firepower, but high-performance metros like Shanghai, Istanbul, and Santiago continued to close the gap last year,â€ said Emilia Istrate, a senior research analyst at Brookings. â€œTo succeed, slower-growing metro areas must strengthen their relationships with these rising metro markets.â€
A 4-minute video from Brookings talking about the methodology:
And an excerpt from the full report:
Now, I don’t think we should make TOO much of this, but this ranking should be alarming and at the same time unsurprising. The Georgia economy as a whole is largely dependent on the health of metro Atlanta, which has lost jobs over the last year and has seen plummeting home prices in the most recent data. Many of the problems stem in part from poor decisions by state government, which has never in my time in Georgia recognized the importance of metro Atlanta’s health to the overall economic climate of the state.