![]() But were the two cities really in competition with each other?įor financial workers in the two cities, the question seemed ludicrous. There was much speculation about whether Frankfurt would overtake London as Europe’s leading financial centre, and the media was full of stories anticipating London’s imminent decline. ![]() ![]() This reminds me of the unfounded furore a little over a decade ago, when it was announced that the European Central Bank was to be located in Frankfurt. Much commentary, however, focuses on competition, often stoked by rankings – how well is my city doing in the latest list? This may be important to mayors, but does it matter to the businesses responsible for creating and developing a city’s economy? The answer is that the most successful do both. There is a debate among those who study cities as to whether success depends on cities fruitfully competing, or co-operating.
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