Economic development in U.S. cities will be driven increasingly by forces of global economic interaction in the 21st century. Where the export sector is thriving, international trade and investment are creating more and better paying jobs. U.S. cities will have to adjust quickly to these and...

Strikingly high rates of labor productivity growth in China, India, and other emerging economies have prompted concerns that U.S. workers and firms are losing ground to their competitors in world markets. A closer look at the evidence, however, suggests that rapid foreign productivity growth...