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October 21, 2008

Business as usual in Chicago

By now, we’ve all heard the old song and dance of “tort reformers” in Illinois: that our legal system hurts the local economy.  Of course, this is preposterous (read the CJ&D-IL Facts about the Illinois Economy).

Here's more evidence for the naysayers: Chicago - a favorite target of state “tort reformers” - claimed #8 on the 2008 Global Cities Index, which ranks globalization in cities around the world.  And what, pray tell, was a main criterion for making this list?  Business Activity, including "the number of Fortune Global 500 firms headquartered and the value of capital markets in a city."

See the full rankings in Foreign Policy Magazine.

Posted by at 05:24 PM in Economy |

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