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Is New York Finished As A Global Financial Center?

Posted by: Bruce Nussbaum on October 10, 2008

I’m a member of the Council on Foreign Relations (from my editorial days) and here’s a thoughtful essay on the impact of the current financial crisis on New York City, the U.S. and the global economic system.

Is New York finished as a global financial center? No. But it may not be paramount. Ditto for the U.S. It’s The Rise of the Rest— as Fareed Zakaria says in his new book, the Post American World.

Reader Comments


October 11, 2008 8:27 AM

You just authored a post citing a WEF study claiming the U.S. is still the most innovative economy on the globe. There is no reason this does not extend to the financial industry.

Wall Street will continue to be the leader in innovative financial products, and despite the current maladies will eventually rebound. Who is going to take the place of New York...London?

Zakaria's new book is irrelevant. No one else has the talent or organizational capabilities of the U.S. financials even in our weakened state.

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Want to stop talking about innovation and learn how to make it work for you? Bruce Nussbaum takes you deep into the latest thinking about innovation and design with daily scoops, provocative perspectives and case studies. Nussbaum is at the center of a global conversation on the growing discipline of innovation and the deepening field of design thinking. Read him to discover what social networking works—and what doesn’t. Discover where service innovation is going and how experience design is shaping up. Learn which schools are graduating the most creative talent and which consulting firms are the hottest. And get his take on what the smartest companies are doing in the U.S., Asia and Europe, far ahead of the pack.

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