Global cities play a very important role in the world today. If you are an expat or a high net worth individual looking for a competitive environment that offers potential for employment, or business and investment, then living in a global city could be the best option for you. Comparing the index to the EIU’s cost of living data (a measure of western-style living expenses), identifies those cities which also represent good value for money for the ambitious expatriate.Although living in a major global city implies a certain financial cost, especially compared to cities in the developing world, it is well worth it for the many advantages one gets in return.
High concentrations of skilled residents, infrastructure and institutions mean that the top of the index is dominated by America and western Europe, with 24 cities in the top 30. The 120 cities in the index are home to some 750m people and $20.2 trillion worth of GDP, 29% of the world’s total. In-depth interviews with ten city experts, mayors and corporate executives, to get their insights on city competitiveness.A unique Index that compares 120 of the world’ s major urban agglomerations across eight distinct categories of competitiveness and 31 individual indicators.
The research drew on two main initiatives: The index is an outcome of “Hot Spots” programme, an Economist Intelligence Unit research programme, commissioned by Citigroup. The Economist Intelligence Unit, a sister company of The Economist, has devised a new index which ranks the competitiveness of the most prominent cities across the globe according to their demonstrated ability to attract capital, businesses, talent and visitors.
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