Question

Why will “alpha” world cities remain dominant in global economic geography?

Answer 1

Alpha world cities such as Hong Kong, Dubai, Beijing and Tokyo are the cities that have specialized infrastructure for firms, households and other parties of the economic activities. It makes these cities to not only the contributors of the high proportion to the GDPs, but also it has a robust domestic market. As a result, These cities remain the center of economic activities and firms as well labor force of different skill sets, keep coming to these alpha cities and these cities keep growing and expanding. Further, these cities also create derived demand for the other cities and geographical areas being developed globally.  It makes these cities to be dominant and remain to be, even if the global economic geography is changing in different parts of the world.