Most important cities in the world 2017

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The World's Best Cities to Live In 2017

most important cities in the world 2017

10 Most Important Cities in the World

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The Hong Kong skyline. Not all major cities are created equal, with some places around the world holding more influence over global business, culture, and politics than others. But what are the world's most influential cities? That's a question that management consultancy firm A. Kearney tries to answer with its annual Global Cities Report. The report looks at which global cities "are improving in their competitiveness and what factors are driving that success.

Instead, what matters today is influence. We have attempted to go beyond some of the standard methods of evaluating the global importance of cities, which include assessing the concentration of support services available for multinationals, such as financial and accounting firms, or the size of the overall economy. Efficiency and access to capital and information, we believe, is more critical to being an important global city than number of jobs, and regional GDP is a false measure, since it doesn't reflect whether the source is domestic or global economic activity. Click here for a more detailed description of our methodology. We found those factors particularly important in identifying rising stars that, someday, might challenge the current hegemony of our two top-ranked global cities, London and New York. Inertia and smart use of it is a key theme that emerged in our evaluation of the top global cities. No city better exemplifies this than London, which after more than a century of imperial decline still ranks No.

New York and London are both powerhouse cities, competitive in everything from fashion, music, and finance, to now even start-ups and high tech. In , London Mayor Boris Johnson who was born in New York City and is, for now , still a dual citizen debated members of the Bloomberg administration on this score. And earlier this month in London, Harvard economist and native New Yorker Edward Glaeser suggested his hometown is fast losing its status to London. Indeed, London should be congratulated for its remarkable run over the past couple of decades, even as the U. Our updated version of the Global City Economic Power Index we introduced the original version in is based on five core metrics:.

The top five most influential cities in the world in remain entirely unchanged from the rankings, with New York and London leading.
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We use cookies to improve your experience on our website. By using our website you consent to all cookies in accordance with our updated Cookie Notice. Cities also have the power to draw people to them. The report notes that data was gathered before the June Brexit vote. The plunge in the value of the pound following the referendum result has given London a tourism boost , but the long-term effects of Brexit remain unclear.

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