|Shanghai, China - The fast growing city economy on earth.|
While America and Western Europe are sinking into massive debt, unemployment and eventually poverty the economies of other nations around the world are growing.
The American Economy is being hollowed out from within
- 90% of the world's fastest-growing economies are outside North America and Western Europe
- Americans are not manufacturing products
- Americans are living off savings while running up record personal and public debt
- Anti-Capitalist and Socialist government policies undermine job and wealth creation
Shanghai, China was at the top and Sacramento, California near the bottom of new rankings of the world's best- and worst-performing metropolitan economies last year by the Brookings Institution.
The basis for Shanghai's No. 1 ranking was employment growth of 5.8% and a metro economy expanding 9.8% from 2010 to 2011.
In contrast, Sacramento had America's worst ranking, a lowly No. 196. Brookings said the area was in "full recession" last year with both employment and the region's equivalent of gross domestic product down about 1%.
The rankings of the 200 largest metro areas that account for nearly half of the entire global economy underscore how the Great Recession has accelerated the shift in economic strength from the West to the East, and from industrialized countries to developing nations in Asia and South America.
|Greater metro Istanbul's nearly 14,000,000 people are seeing|
a huge expansion of their economy, jobs and wealth.
Some 90% of the world's fastest-growing economies were outside North America and Western Europe. And 95% of the weakest-performing metro areas were in the long-dominant economic powers of the U.S., Western Europe and Japan.
"Now what's happening in Shanghai, Beijing and Chongqing are more and more important for the global economy," said Alan Berube, senior fellow at the Washington think tank, who co-wrote the study based on data from Oxford Economics, Moody's Analytics and the Census Bureau.
TOP 20 CITIES - Fastest Growing in 2011
Only one American city made the top 20: Houston, which came in at No. 19, a notch above Kuala Lumpur, Malaysia.
In fact, Dallas, Texas was the ONLY other American city in the top 40 cities.
- Shanghai, China
- Ryiadh, Saudi Arabia
- Jeddah, Saudi Arabia
- Izmir, Turkey
- Hangzhou, China
- Ankara, Turkey
- Istanbul, Turkey
- Shenzhen, China
- Santiago, Chile
- Shenyang, China
- Wuhan, China
- Nanjing, China
- Mumbai, India
- Tianjin, China
- Foshan, China
- Buenos Aires, Argentina
- Jakarta, Indonesia
- Casablanca, Morocco
- Houston, Texas
- Kuala Lumpur, Malaysia
An analysis of per capita GDP (income) and employment changes in the 2010 to 2011 period for 200 of the world’s largest metropolitan economies, which account for nearly one-half (48 percent) of global output but contain only 14 percent of world population and employment, reveals that:
Nearly all developing Asia-Pacific and Latin American metro areas achieved new highs in both income and employment in 2011, only one North American metro area did so.
|SHOCK - Socialist Athens, Greece has the worst economy.|
But what should scare the shit out of Americans is many cities in the U.S. that rank right in there with the bankrupt nations of Europe.
BOTTOM 20 CITIES - Out of 200 in the world
A wake up call for thinking Americans.
14 American cities ranked in the bottom 40 cities out of 200 around the world. Americans are right in there with bankrupt Greece, Spain and Italy. But Americans still lie to themselves that all is well.
200. Athens, Greece - - - - - Grand Prize for the worst economy on earth.
199. Lisbon, Portugal
198. Dublin, Ireland
197. Seville, Spain
196. Sacramento, California
195. Madrid, Spain
194. Naples, Italy
193. Barcelona, Spain
192. Valencia, Spain
191. Richmond, Virginia
190. Kansas City, Kansas
189. Atlanta, Georgia
188. Cairo, Egypt
187. San Francisco, California
186. New Orleans, Louisiana
185. Alexandria, Egypt
184. Sendai, Japan
183. Indianapolis, Indiana
182. Hiroshema, Japan
181. Osaka-Kobe, Japan
Other American cities in the bottom 40 include: Las Vegas, Denver, Des Moines, Birmingham, Memphis, Riverside and Philadelphia.
(Top 200 World Economies)
|The economy of capitalist Kuala Lumpur, Malaysia is booming while America|
sinks into Socialism, the Marxist re-distribution of wealth and poverty.