DOMINANT NATIONAL CENTERS: A COMPARATIVE ANALYSIS OF THE HEADQUARTERS COMMUNITIES OF NEW YORK AND TORONTO

Abstract

This paper analyzes and compares the headquarters communities of the two dominant, national corporate centers in North America. As the pre-eminent cities of their respective countries, New York and Toronto fulfill an important role within their national urban and economic systems. Both cities host businesses and institutions that determine and symbolize the direction of their respective national economies. The analysis of Toronto and New York examines recent trends in the growth and change of the headquarters hosted by the two cities. The results show that the cities are comparable in some ways, such as in their common dominance among the financial institutions of their countries. However, in other ways the headquarters community in each appears to be following distinct paths, as in the distinctive location tendencies of the most rapidly-growing firms in the two cities. The paper presents an analysis and comparison of the corporate community in each city, and provides some interpretation as to the meaning of the results for further development of theory in economic geography.

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