The present work focuses on the success of the economic area Frankfurt-Rhein-Main. I asked myself why Frankfurt was so successful and if it may still develop, but I could not answer these questions. The main topic of this research paper is to answer these questions.
At the beginning of my research paper, I would like to describe the location of the economic area of Frankfurt-Rhein-Main and consider which cities are members of this economic area. I will explain important location factors of the tertiary sector and examine Frankfurt am Main regarding the present location factors. I will focus on Frankfurt because it is the most significant city in the economic area. Afterwards, I will analyse the economic structure of Frankfurt and Frankfurt-Rhein-Main and compare them with the structure in the past. While analysing the current economic structure, I will elaborate significant branches in the economy of Frankfurt. At the end of this work, I will try to realize a trend and give a prognosis. I will conclude by answering the central issue, why the economic area could be so successful and if the potential may be exploited.
Frankfurt am Main is the city in Frankfurt-Rhein-Main with the highest importance. Almost one third of the gross domestic product is generated in Frankfurt am Main. It is not the only city contributing to economic performance. Other cities are also contributing more than five billion euros to the total gross domestic product. Nevertheless, the economic area still depends on Frankfurt because of the high share of the economic performance. To sum up, we can say Frankfurt fulfils many important location factors that com-panies of the tertiary sectors are looking for. This includes a central location, a good infrastructure, an excellent digital infrastructure, great reputation, education, continuous graduations in demanded subjects, agglomeration benefits, and top real estate.
Table of Contents
- 1. Introduction
- 2. Description of the location and administrative structure
- 3. Important location factors of the tertiary sector
- 4. Location factors of Frankfurt am Main
- 5. Economic structure
- 5.1. Sectoral structure and economic statistics
- 5.2. Major branches of Frankfurt am Main
- 6. Conclusion
Objectives and Key Themes
This research paper aims to investigate the success of the Frankfurt-Rhein-Main economic area and explore its potential for further development. It focuses on Frankfurt am Main as the region's most significant city.
- Geographic and administrative structure of the Frankfurt-Rhein-Main region
- Key location factors influencing the tertiary sector's success
- Analysis of Frankfurt am Main's location factors contributing to its economic strength
- Economic structure and significant branches within Frankfurt am Main
- Potential for future development and exploitation of the region's economic potential
Chapter Summaries
1. Introduction: This introductory chapter lays out the research paper's central question: Why is the Frankfurt-Rhein-Main economic area so successful, and is its potential fully exploited? The author outlines the methodology, stating an intention to describe the economic area's location, examine key tertiary sector location factors, analyze Frankfurt am Main's location factors, and explore the economic structure of both Frankfurt and the wider region, ultimately aiming to provide a prognosis and answer the central research question. The author identifies key sources used for their research.
2. Description of the location and administrative structure: This chapter geographically defines the Frankfurt-Rhein-Main region, specifying its coordinates and the federal states it encompasses (Hesse, Bavaria, and Rhineland-Palatinate). It details the region's administrative structure, comprising seven independent cities and eighteen districts, and provides the region's total area. The chapter emphasizes the region's location within West-Central Germany and its proximity to other major metropolitan areas, setting the stage for the following analysis of location factors impacting economic success. References are made to external sources for specific data.
3. Important location factors of the tertiary sector: This chapter focuses on the location factors that drive success within the tertiary sector. It differentiates between hard (quantifiable) and soft (qualitative) location factors. Hard factors include land availability, labor, infrastructure (transport and communication), proximity to customers, and financial incentives. Soft factors, crucial for attracting skilled workers to the tertiary sector (particularly in high-value services), encompass quality of life, culture, education, and leisure opportunities. The chapter argues that a balance of both hard and soft factors is essential for attracting and retaining businesses in this sector.
4. Location factors of Frankfurt am Main: This chapter analyzes the specific location factors contributing to Frankfurt am Main's economic prominence within the Frankfurt-Rhein-Main region. It highlights the significance of Frankfurt as the area's most substantial economic center. While acknowledging other cities' and districts' contributions, the chapter focuses on examining Frankfurt's location factors to understand its success, directly addressing the main research question by investigating why the region has achieved its economic strength.
Keywords
Frankfurt-Rhein-Main, economic area, tertiary sector, location factors, economic structure, regional development, Germany, metropolitan region, labor market, infrastructure.
Frequently Asked Questions: Frankfurt-Rhein-Main Economic Area Analysis
What is the purpose of this research paper?
This research paper investigates the success of the Frankfurt-Rhein-Main economic area and explores its potential for further development, focusing on Frankfurt am Main as the region's most significant city.
What are the key themes explored in the paper?
The paper explores the geographic and administrative structure of the Frankfurt-Rhein-Main region; key location factors influencing the tertiary sector's success; an analysis of Frankfurt am Main's location factors; the economic structure and significant branches within Frankfurt am Main; and the potential for future development and exploitation of the region's economic potential.
What is covered in the Introduction chapter?
The introduction establishes the central research question (Why is the Frankfurt-Rhein-Main economic area so successful, and is its potential fully exploited?), outlines the methodology, and identifies key sources used for the research.
What does the chapter on location and administrative structure describe?
This chapter geographically defines the Frankfurt-Rhein-Main region, specifying its coordinates and encompassing federal states (Hesse, Bavaria, and Rhineland-Palatinate). It details the region's administrative structure and emphasizes its location within West-Central Germany and proximity to other major metropolitan areas.
What are the important location factors of the tertiary sector discussed in the paper?
The paper differentiates between hard (quantifiable) and soft (qualitative) location factors for the tertiary sector. Hard factors include land availability, labor, infrastructure, proximity to customers, and financial incentives. Soft factors include quality of life, culture, education, and leisure opportunities.
What is the focus of the chapter on Frankfurt am Main's location factors?
This chapter analyzes the specific location factors contributing to Frankfurt am Main's economic prominence within the Frankfurt-Rhein-Main region, highlighting its significance as the area's most substantial economic center.
What are the key chapters and their summaries?
The paper includes chapters on Introduction, Description of the location and administrative structure, Important location factors of the tertiary sector, Location factors of Frankfurt am Main, and Conclusion. Each chapter provides a detailed analysis of its respective topic, contributing to a comprehensive understanding of the Frankfurt-Rhein-Main economic area.
What are the keywords associated with this research?
Keywords include Frankfurt-Rhein-Main, economic area, tertiary sector, location factors, economic structure, regional development, Germany, metropolitan region, labor market, and infrastructure.
What is the overall conclusion of the research? (Note: The provided text lacks a full conclusion chapter summary.)
The provided text does not include a summary of the conclusion chapter. Therefore, a definitive conclusion cannot be provided here based solely on the supplied text.
Where can I find more information about this research?
The provided text does not explicitly state where to find more information. However, the references cited within the chapter summaries could potentially offer additional detail. The keywords listed can also be used for further research.
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- Leon Cena (Autor:in), 2018, On the Success of the Economic Area Frankfurt-Rhein-Main, München, GRIN Verlag, https://www.grin.com/document/457608
