New York Is Very Much Alive: A Manpower View

New York Is Very Much Alive: A Manpower View

New York Is Very Much Alive: A Manpower View

New York Is Very Much Alive: A Manpower View

Excerpt

Richard Knight

NEW YORK IS THE NATION'S primary growth pole. It has been the birthplace of many new products and technologies and has evolved as the center of corporate management, planning, and innovation. The city is not dominated by one industry; it is characterized by a dynamic and diverse, but interdependent, set of activities relating to the management and growth of the private sector. An inordinately high concentration of economic resources -- capital, manpower, and information -- are attracted to and emanate from the city. It is from the convergence of these forces that New York develops its innovative spirit and maintains its competitive advantage.

The purpose of this chapter is to explore New York's role as a national growth pole. This will require a discussion of the historical forces leading to the evolution of the city's present functions, an analysis of the contemporary New York economy, and a prognosis of the vitality of the city's private sector.

HISTORICAL BACKGROUND

New York was founded in 1626 when Dutch traders first settled New Amsterdam. The city served as an agricultural center until the British captured it in 1664. Growth remained slow during the ensuing Dutch-British conflict, which lasted until 1691, but during . . .

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