The ART Of Business

The Myth of the Rust Belt's Decline

America’s “Rust Belt”, which was the focus of so much of the recent campaign cycle, is assumed to be in perpetual decline; falling inexorably from a manufacturing and industrial zenith some 60 years ago.

Driving from Pittsburgh to Chicago, it is still easy to see hulking, semi-abandoned foundries and factories littering the way.

But what if much of that decline was, in fact, overblown? That, below the surface, the Rust Belt, for all of its challenges, remains one of the richest regions not just in America but the entire world?

In a look at how wealth is geographically distributed, bestselling author Richard Florida lays out the idea of Mega Regions.

Click here to check out the article.

Using a compelling methodology, Florida identifies the richest and most influential areas.

Number one is Greater Tokyo; with the eastern corridor of the U.S. – Boston to Washington DC – a close second.

Firmly in third place is the region from Chicago to Detroit, Cleveland, and down through to Pittsburgh: AKA, the Rust Belt.

If anything, this notion validates that decline is a relative concept.

Discuss this Blog Entry 1

on Nov 14, 2012

Yes I suppose it is relative. but one thing that is not relative and quite obvious when driving down the I95 corridor out east or thru the crescent from Cleveland to Detroit is all the abandoned factories, offices with for sale/lease signs, half vacant business and industrial parks and so forth to see the real effects of the rust belts decline. Clearly these regions have not benefitted well from decades of bad economic and trade ideology. Expect no tangible return to the former industrial might of the midwest and northeast until such time as we as a country wise up

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