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
7. Bibliography
8. Annex
Objectives & Key Topics
The research paper aims to evaluate the factors contributing to the economic success of the Frankfurt-Rhein-Main area and to analyze whether its potential is currently being fully exploited, particularly through the lens of the tertiary sector.
- Analysis of geographical and administrative location factors
- Evaluation of hard and soft location factors for the tertiary sector
- Investigation of the economic structure of Frankfurt am Main
- Examination of major industrial and service branches
- Prognosis for future development and potential of the region
Excerpt from the Book
4. Location factors of Frankfurt am Main
This chapter deals with the location factors of the city Frankfurt am Main. The analysis of the factors focuses on Frankfurt because it is the most significant location of the economic area Frankfurt-Rhein-Main, even though there are many other cities and districts contributing to the economic performance of the area. It is crucial to identify and to examine the location factor for answering the first part of the main question. Why is the economic region successful? Successful means, in our terms, the gross domestic product of that specific area is high. To have high gross domestic products, there have to be local companies in Frankfurt that create value. Companies must be attracted to settle down in the city. As explained in chapter three, every company chooses the location with the best possible conditions. So, what makes Frankfurt so successful?
The city is in the middle of Europe. The infrastructure of Frankfurt is excellent. The airport in Frankfurt am Main is one reason the infrastructure is so good. It is the eighth largest airport worldwide. 60.792.308 passengers were transported in 2016. The total air freight of 2016 was 2.067.257 tons, and there were 468.900 aircraft movements. Almost all the European capitals can be reached within two hours from the airport in Frankfurt. The road and railway network are developed. The total length of the roads in Frankfurt, which consists of federal motorways, federal roads, states roads, and country roads, is 368 kilometres long. The federal motorways A3, A5, A66 and A661 are in Frankfurt. Up to 450.000 travellers use the railway system every day. It is “one of the most important traffic hubs in Europe.”
Summary of Chapters
1. Introduction: The author introduces the research topic, highlighting the economic success of Frankfurt am Main and defining the aim to understand why the region is successful.
2. Description of the location and administrative structure: This chapter provides geographical details and defines the administrative setup of the Frankfurt-Rhein-Main metropolitan region.
3. Important location factors of the tertiary sector: It explores the criteria companies use to select locations, distinguishing between hard and soft location factors critical for service-oriented businesses.
4. Location factors of Frankfurt am Main: The analysis focuses on infrastructure, reputation, education, and labor supply as key factors driving the city's economic performance.
5. Economic structure: This chapter analyzes historical and current sectoral data, with a specific focus on the primary, secondary, and tertiary sectors, as well as major branches like finance and IT.
6. Conclusion: The author summarizes the findings, confirming Frankfurt's central importance and discussing the future potential and challenges of the region.
7. Bibliography: Lists the academic literature and statistical sources utilized in the research.
8. Annex: Provides supplementary data, including figures, maps, and detailed statistical tables regarding the Frankfurt-Rhein-Main area.
Key Words
Frankfurt am Main, Frankfurt-Rhein-Main, Economic structure, Tertiary sector, Location factors, Infrastructure, Gross domestic product, Labour market, Financial services, IT services, Education, Agglomeration, Economic growth, Urban development, Skill shortage.
Frequently Asked Questions
What is the core focus of this research paper?
The paper examines the economic success of the Frankfurt-Rhein-Main region, specifically looking at why the city of Frankfurt am Main is a leading economic hub and whether its potential is being fully exploited.
Which specific areas of the economy are analyzed?
The study primarily focuses on the tertiary sector (the service sector), including financial services, company management, consulting, and information technology.
What is the central research question?
The central question asks why the Frankfurt-Rhein-Main economic area is so successful and whether the inherent potential of this region is being effectively utilized.
Which scientific methodology is applied?
The research is based on a descriptive and analytical approach, utilizing statistical reports, economic data from municipal sources, and established literature on economic geography.
What aspects of the economy are covered in the main section?
The main section covers the identification of location factors (both hard and soft), an analysis of the economic structure through historical and current sectoral statistics, and a detailed look at key employment sectors.
Which keywords best describe this research?
Key terms include economic structure, location factors, tertiary sector, labour market, Frankfurt am Main, and metropolitan region performance.
Why is Frankfurt's infrastructure considered a critical location factor?
Frankfurt's infrastructure, including its international airport and major railway hub, provides central European connectivity, which is essential for attracting high-value service companies and international commerce.
What role do soft location factors play in Frankfurt's success?
Soft factors like high living standards, cultural offerings, quality education, and international schools are vital for attracting the highly skilled and qualified workforce required by the dominant tertiary sector.
How does the author interpret the current labour market situation?
The author identifies a skill shortage, noting that the demand for highly qualified professionals in fields like economic science and computer science currently exceeds the local supply.
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- Leon Cena (Autor:in), 2018, On the Success of the Economic Area Frankfurt-Rhein-Main, München, GRIN Verlag, https://www.hausarbeiten.de/document/457608
