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NEW YORK CITY

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Introduction
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..................... A global city is the world's most important and influential city that
. . .covers
. . . .the
. . dimensions
. of
..................... globalization. These dimensions are cultural experience, business . . activity,
. . . . . human
. . . capital as well as
political engagement. London, New York, Paris, Rome and Tokyo are some of the most well-known global
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cities. Rome has been nicknames as the Eternal City of the world due to its importance and influence in
..................... culture and religion. ..........
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. . . . Most
. . . .importantly
. . . . . . . fact
. . .about
. . . Rome is that it is the main center of pilgrimage in the Christian community.
. . . . .Also,
. . .a.global
. city is a city of
. . . . demographic
. . . . . . . . .and
. . economic
. . . . . . change. New York City is the most populous city in the United States of. America.
. . . . . .It. is. .considered as one of the
. . . . major
. . . . centers
. . . . . of
. .finance
. . . . .and
. commerce in the world. A global city has a major influence in other cities as well not just its domain city like
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when the New York stock exchange delayed.
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..................... WHAT MAKES NEW ..........
..................... ..........
..................... YORK CITY A GLOBAL CITY? ..........
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. . . . . . . . . . . . . . . . . . . New
. . York City is considered to be a global city. .because
. . . . . . . .it
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has powerful organizations that are linked to the . other
. . . . . .parts
...
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..................... and many of the major corporations and multinational
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. . . . . . . . . . . . . . . . .companies
.... are headquartered in this city. ..........
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 New York City is located at the mouth of the Hudson River,
southeastern New York state, northeastern United States (Lankevich, 2020)
. •Geographically, the city consists of 5 boroughs, 59 community districts,

“Geography’
and hundreds of neighborhoods
•The largest and most influential metropolis, with an area of 468.48 sq mi
(1,213.4 km²)
•A collection of many neighborhoods scattered among its boroughs -
Manhattan, Brooklyn, the Bronx, Queens, and Staten Island - each
exhibiting its own lifestyle
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N
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POPUL
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..................... A T I O ..........
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. . . . . . . . . . . . . . . . . . . . . New York City, ..........
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New York Population 2021 ..........
..................... 8,230,290 ..........
. .New
. . . York
. . . .State
. . . is
. . the
. . .fourth
. . . . most populous and north-eastern state of United States. ..........
. .With
. . . a. .2020
. . . population
. . . . . . . .of. .8,230,290,
. it is the largest city in New York. Spanning ..........
. .over
. . . 468
. . . miles,
. . . . .New
. . .York
. . . City
. . has a population density of 27,400 people per square ..........
. . mile.
. . . .Average
. . . . . household
. . . . . . . .income
. . is $102,946 with a poverty rate of 17.95%. ..........
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 TRADE AND INDUSTRY
New York's Economy: The 6 Industries
Driving GDP Growth
New York has the third-largest economy in the United States with a gross domestic product (GDP) of $1.7 trillion. New York's economy is so
large it would rank as the twelfth largest in the world if it were its own country.

Financial Services
The financial services sector generates $429 billion for the state of New York. There are more than 330,000 financial services workers in
New York City. This sector leads the state in terms of total employees, but also by GDP. Financial services are one of the most influential
industries on a national and global scale.
Healthcare
The leading industries in New York are driving the state's economy. Financial services, educational services, and healthcare contributed $135
billion to the GDP in 2020. The average salary for a healthcare worker is $69,861.910 compared to $95,000 for a financial services worker.

Professional and Business Service

As of August 2021, there were an estimated 1.3 million New Yorkers working in professional and business services. This broad field includes
lawyers, accountants, mechanics, and marketers. Professional and technical services contributed $195 billion to New York's GDP in 2020.
Retail Trade
More than 941,000 workers in more than 77,000 New York retail businesses. Retail trade industry contributed $64.5 billion to New York's GDP in
2020. This is another cyclical industry that tends to be very hard
hit during economic recessions.
Manufacturing
New York exports a wide variety of manufactured goods to other states and foreign countries. The manufacturing sector
contributed $61 billion to New York's GDP in 2020. After more than a decade of bleeding jobs away, an entrepreneurial boom
led to net gains in manufacturing in 2014.

Educational Service
The educational sector contributes $135 billion to New York's GDP in 2020. There are hundreds of thousands of teachers,
professors, tutors, childcare workers, educational agencies, and other education sector employees. Many of them are public
employees, as the government is the largest employer in the state.
Which City Has the Highest GDP in the World?
The city with the highest GDP in 2020 was Tokyo, with an estimated GDP of $1.6 billion. In the same report, New York
City comes in second with the source estimating GDP at $1.5 billion. In third comes Los Angeles.

Which U.S. City Has the Highest GDP?

The U.S. city with the highest GDP is New York City, with an approximate GDP of $1.4 trillion in 2020. What U.S.

State Has the Largest Economy?

The U.S. state with the largest economy is California, followed by Texas, then New York. California has a GDP of $3.1
trillion.
 PRODUCTS
 Baby Clothes  Cookware


Jackets
Jeans


Flatware
Furniture
Agricultural Products
 Men’s Dress Shirts  Natural Toothpaste
 Swimwear  Solar Panels  Floriculture  Milk
 Underwear  Vitamins  Corn for grain
 Cabbage
 Belts  Dog Collars, Leashes & Harnesses  Hay
 Luggage  Dog Food  Sweet corn
 Cattle and calves
 Shoes  Water Bottles  Potatoes  Apples
 Ties  Tools  Tomatoes
 Wallets  Tool Boxes
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..................... SOURCE OF INCOME ..........
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If you are a nonresident individual, estate, or trust, you are
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subject to tax on your New York source income. New York source
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income includes income derived from or connected with a
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business, trade, profession, or occupation carried on in New York
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State. If you are a partner in a partnership, New York source
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income also includes those items of income, gain, loss, and
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deduction included in your distributive share of partnership
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. . . . . . . income
. . . . . . . . . .that
. . . . is derived from or connected with business
. . . . . . . . . . carried on
. . . . . . . by
. . . .the
. . . . .partnership
..... in New York State. ..........
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 How Does
New York City Helps Other Countries
The city's rich talent pool, its international connections, and cultural attractions, plus a meteoric increase in direct
foreign investment in New York City have enabled the city's financial institutions, law firms, architects, fashion
designers and other sectors to prosper in the global market place. Two-thirds of the state's population lives in the New
York metropolitan area, one of the most populous in the world. New York City is home to the United Nations Headquarters,
and has been described as the cultural, financial, and media capital of the world, as well as the world's most
economically powerful city.
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Problems Facing New York City

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•
. . . . . . . . . . . Congestion
. . . . . . . in
. .terms
. of traffic and housing causing inconveniences, delays, stress, pressure...........
• Pollution of air, water, and land because of wastes from industries and homesteads.
. . . . . . . . .•. . Development
. . . . . . . . of
. .slims with poor living conditions occupied by unemployed people, immigrants.
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. . . . . . . . .•. . Increased
. . . . . . .crime
. . . rates and social problems like prostitution, drug addiction because of .unemployed
. . . . . . . .people
. like
. . . . . . . . . . . immigrants,
. . . . . . . . pick
. . picketers. ..........
. . . . . . . . .•. . Easy
. . . .spread
. . . . of. .diseases that are contagious because of the population like cough, influenza,
. . . . .TB.. . . . .
. . . . . . . . .•. . Unemployment
. . . . . . . . . .and underemployment because of the population leading to poor standards . . . .of. living.
.....
• Limited land for expansion on Manhattan island making land expensive.
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• Racial discrimination like the Afro-Americans, immigrants causing conflicts and tension.
• Increased cost of living because of paying on basic needs like food, shelter, health facilities causing poverty.
• Encroachment of gazette areas for settlement, industrial expansion and for constructing transport routes.
• Environmental degradation because of deforestation, swamp reclamation, destruction of the landscape because of
construction work.
• Poor urban planning and increased costs of urban management because of the population with limited facilities.
• Poor infrastructure like drainage systems causing floods especially in summer.
• Increased government expenditure on social services and urban infrastructure like cost and maintenance,
rehabilitation.
BEFORE NEW YORK, THERE WAS ‘NEW AMSTERDAM’ - In 1626,
Manhattan Island was bought by Dutch settlers and named 'New
“Interesting Facts
Amsterdam'. The city only became the New York we know today
after the English took over in 1664 when the Dutch East India
Company sold the island to the Crown Prince Charles I of Wales.
About New York’
NEW YORK CITY IS LGBTQ+++ -
More New Yorkers identify as LGBTQ+ than in any other city in the
US. Same-sex marriage became legal in New York in 2011, but the
city has a long and colorful history of support for gay rights back
in the '70s and '80s.
CITY OF GOLD –
The Federal Reserve Bank is famous for having the largest store of gold in the world. A tour with a Wall
Street professional will give you an insider's view on how to get rich on Wall Street. The US central bank
has a reported 7000 tons of gold bullion.
CAB DRIVERS CAN’T HONK –
Taxi drivers in New York City are fined heavily for unnecessary horn honking. They only use their horns in
emergencies, and water taxis are a must-have if you're in NYC at the right time of year (like on a Hudson
River water taxi tour).