Quote:
Originally Posted by suburbanite
The smaller cities that rank disproportionately high tend to be tax havens or locations otherwise highly sought after by the international elite.
|
Or the capitals of small countries with high GDP per capita and a somewhat disproportionate number of large global companies.
To be more pointed: if you want to be Sweden, you need your Volvo, your Ericsson, your Saab, your Scania, your H&M, your Ikea, your Electrolux, your Spotify and so on.
Quebec isn't necessarily a slouch but it's not an outperformer, either. It has 3x the land of Sweden but it just doesn't have the companies. In some ways, it doesn't really have the high-end as a social, cultural and economic layer (there are historical reasons for this).
Stockholm is a wealthier city than Montreal, and in many ways -- and this hurts, because it can be a very annoying place -- a more significant one.
Montreal is better, but... it's poor. It's been poor for a while.
And it matters more than those of us who like to go to bat for it often admit.