Analyzing the International Competitiveness of Metropolitan Areas: The MICAM Model

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Abstract
The foundation of metropolitan economic development is rapidly changing as inter-national trade and investment become more critical forces in national, regional, and urban economic growth. Economic globalization will require metropolitan areas to create a business climate that supports and attracts internationally competitive firms and industries. Conventional approaches to urban economic analysis focus primarily on the internal characteristics of metropolitan areas and treat international market trends as exogenous variables when they are taken into consideration at all. The Metropolitan International Competitiveness Assessment Model (MICAM) examines an urban region's strengths and weaknesses in the context of international trade and investment requirements.