Going Global: Boosting Greater Miami’s Economic Future

The Great Recession stalled the U.S. economy and virtually reset the world economic map with most of the growth concentrated in the rising nations—and the urban and metropolitan areas—of Asia and Latin America. U.S. urban and metropolitan areas need to reorient their economies toward greater engagement in the global marketplace in order to create more and better jobs, spur global demand abroad and attract global talent and capital at home. The Global Cities Initiative—a joint project of Brookings and JPMorgan Chase—aims to help leaders in U.S. metropolitan areas reorient their economies toward greater engagement in world markets.

On June 18 and 19, the Metropolitan Policy program at Brookings and JPMorgan Chase hosted a forum at the University of Miami, “Going Global: Boosting Miami’s Economic Future,” the third in a series of domestic and international forums being convened this year by the Global Cities Initiative. The forum explored how metropolitan-led economic growth—including global trade and investment—are important for job creation, and how Miami can leverage its position in the global market.

Speakers and panels provided context on the region’s position in the global marketplace and offered insight into how metropolitan leaders can work together and with international partners to expand world-wide business opportunities and global trade and investment, and enhance the region’s economic prosperity. The Greater Miami metro is a sophisticated global market with a significant export profile. With potential for further economic growth, it is the gateway for one-third of totally U.S./Latin American trade value.

Materials from the event can be downloaded from the upper right side of this page.

Related reports:

• • Locating American Manufacturing: Trends in the Geography of Production – Miami Profile

• • Export Nation 2012: How U.S. Metropolitan Areas Are Driving National Growth – Miami Profile