A metropolitan economy refers to the cohesive, naturally evolving concentration of industries, commerce, markets, firms, housing, human capital, infrastructure and other economic elements that are comprised in a particular metropolitan area. Rather than the definition of distinct urban and suburban economies that evolve and function independently, a metropolitan economy encompasses all interdependent jurisdictions of particular regional clusters. This type of economy has all its units functioning together in a trans-boundary landscape that often crosses city, county, state, province, and even national lines. Metropolitan economies expand from the parochial view taken in urban economics which focuses entirely on a city's spatial structure, and broadens it into a metropolitan's spatial and social/economic structure.
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Metropolitan economy in the context of Nottingham
Nottingham (/ˈnɒtɪŋəm/ NOT-ing-əm) is a city and unitary authority area in Nottinghamshire, East Midlands, England. It is located 33 miles (53 km) south-east of Sheffield and 45 miles (72 km) north-east of Birmingham. Nottingham is the legendary home of Robin Hood's belligerant the Sheriff of Nottingham, and to the lace-making, bicycle and tobacco industries. The city is also the county town of Nottinghamshire and the settlement was granted its city charter in 1897, as part of Queen Victoria’s Diamond Jubilee celebrations.
In the 2021 Census, Nottingham had a reported population of 323,632. The wider conurbation, which includes many of the city's suburbs, has a population of 768,638. It is the largest urban area in the East Midlands and the second-largest in the Midlands. Its Functional Urban Area, the largest in the East Midlands, has a population of 919,484. The population of the Nottingham/Derby metropolitan area is estimated to be 1,610,000. The metropolitan economy of Nottingham is the seventh-largest in the United Kingdom with a GDP of $50.9 billion (2014). Aside from Birmingham, it is the only city in the Midlands to be ranked as a sufficiency-level world city
Metropolitan economy in the context of Brookings list of metropolitan economies in the United Kingdom
This Brookings list of metropolitan economies in the United Kingdom was compiled by the Brookings Institution in Washington, D.C. and based upon the UK metropolitan areas as defined by the ESPON project of the European Union, which in turn is based on the 2001 Census. The ESPON database is the most consistent with United States definitions of metropolitan areas.
A metropolitan economy is the economy of a metropolitan area, made up of one or more cities and the surrounding suburban and rural areas to which they are closely economically tied through commuting. These areas therefore reflect a city's actual economic footprint, unconstrained by the artificial political barriers of city boundaries.
Metropolitan economy in the context of George Town, Penang
George Town is the capital of the Malaysian state of Penang. It is the core city of the George Town Conurbation, Malaysia's second largest metropolitan area with a population of 2.84 million and the second largest metropolitan economy in the country. The city proper spans an area of 306 km (118 sq mi) encompassing Penang Island and surrounding islets, and had a population of 794,313 as of 2020.
Classified as a "Gamma −" city, the second highest in Malaysia after Kuala Lumpur, George Town is the commercial centre for northern Malaysia and one of the few high-income economies of the cities outside the Klang Valley. According to Euromonitor International and the Economist Intelligence Unit, George Town has the highest potential for revenue growth among all Malaysian cities and contributed nearly 8 per cent of the country's personal disposable income in 2015, second only to Kuala Lumpur. Its technological sector, anchored by hundreds of multinational companies, has made George Town the top exporter in the country. The Penang International Airport links George Town to several regional cities, while a ferry service and two road bridges connect the city to the rest of Peninsular Malaysia. Swettenham Pier is the busiest cruise terminal in the country.