Economy
Historically, most of the Ruhr area was for the most part characterized by heavy industry since the age of industrialisation in the late 19th and early 20th century. Since the Middle Ages, Cologne, Dortmund and other cities were important regional trading cities, but during the 19th century the city of Düsseldorf grew to become the administrative center of the region and since 1945 its political capital.
Today, the Rhine-Ruhr metropolitan region accounts for roughly 15% of the GDP of the German economy, which would place it as the 3rd largest GRP of metropolitan area in the European Union and the 16th largest GDP in the world. Despite this size, the Rhine-Ruhr region as a whole often lacks international competitiveness from the lack of a unified presentation, in which cities and urban areas within it, often pursue a separate investment policy against each other.
From within, Düsseldorf and Cologne are by far the largest economic centers, with specialisation in financial/high tech and insurance/multi media services respectively. Other major economic centers are Bonn, Dortmund and Essen. The region is home to twelve Fortune Global 500 companies, among them E.ON AG, Düsseldorf, Deutsche Post AG, Bonn, Metro AG, Düsseldorf, Deutsche Telekom AG, Bonn, ThyssenKrupp AG, Essen/Duisburg, RWE AG, Essen, Bayer AG, Leverkusen, Franz Haniel & Cie. GmbH, Duisburg, Evonik Industries, Essen, Arcandor AG, Essen, Hochtief AG, Essen and the Henkel Group, Düsseldorf.
Read more about this topic: Rhine-Ruhr
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