HOT SPOTS: BENCHMARKING GLOBAL CITY COMPETITIVENESS
Housing more than half of the world’s population and producing 80% of global GDP, cities are more important than ever before to the world’s societal and economic development. Recognizing the rapid growth of the city as an economic driver, Citi commissioned The Economist’s business research branch, the Economist Intelligence Unit, to research and compile a comprehensive report and index of 120 of the world’s most competitive cities.
The report, entitled Hot Spots, is not merely a ranking—it examines the many dimensions of cities as the new engines of growth. It considers how burgeoning cities compete with longstanding ones, reviews where the global centers of growth are likely to be found in coming years, and explores the link between location, talent and competitiveness. And it will help Citi—and its clients—better identify where new business opportunities will emerge, where we can create value and where we can foster progress.
THE MOST COMPETITIVE CITIES IN THE WORLD:
1. New York
4. Paris and Hong Kong
8. Washington, DC