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Sunday, December 6 - 2009

New comprehensive ranking of 60 most global cities

  • United Arab Emirates: Monday, October 27 - 2008 at 10:13
  • PRESS RELEASE

A new Global Cities Index released by A.T. Kearney, The Chicago Council on Global Affairs, and Foreign Policy magazine reveals that top-ranking cities face strong competition from emerging cities such as Beijing, Moscow, Shanghai, and Dubai.

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  • New comprehensive ranking of 60 most global cities.
    New comprehensive ranking of 60 most global cities.
Many of the challengers are part of formerly closed societies, suggesting that cities worldwide are adjusting rapidly to the twin dynamics of globalization and urbanization.

While national governments may shape the broad outlines of globalization, its impact is felt most profoundly in the world's cities. Urban areas are the hubs of global integration, engines of growth for their countries, and gateways to the resources of their regions.

The inaugural Global Cities Index is published in the November/December 2008 issue of FOREIGN POLICY. It is a uniquely comprehensive ranking of how 60 cities from 40 countries are powering integration, interaction, and influence on a global scale.

While most other city rankings limit their focus to business or quality of life measures, the Global Cities Index incorporates business activity, human capital, information exchange, as well as two additional dimensions of what makes cities global: cultural experience and political engagement. Cultural experience measures the number and diversity of attractions for residents and visitors, and political engagement examines the degree to which a city influences global policymaking and dialogue. The result is a holistic look at what differentiates cities in generating, attracting, and retaining global capital, people, and ideas.

Saskia Sassen, Columbia University, a leading theorist on global cities and author of The Global Citysays:
"The new Global Cities Index measures unique dimensions that define today's global cities. Cities can be global in different ways as globalization boosts the strength of urban areas. Some powerhouse cities, like Chicago, rank highly because the index looks at more than just business and finance — it's important to look at the whole city."


The leading cities demonstrate different strengths across each of the five dimensions of the index.

Other high-ranking cities combined their own unique attributes to assume their place on the global stage. Toronto, for example, performs well in Human Capital and Cultural Experience, while Sydney leverages its natural endowments to attract international residents and earn a high Human Capital score. Mexico City, Istanbul, and Cairo also achieved top-10 status in Cultural Experience and Political Engagement - showing that major cities in Latin America, the Middle East, and Africa are playing increasingly important global roles.

This index focuses on cities' role in globalization in part because in 2008, for the first time in history, more people live in cities than rural areas. The world's increasing urbanization is reflected in the index: 19 of the 60 cities are "megacities" of more than 10 million people. The index also reveals the differences between cities in wealthy countries, which tend to use urbanization to enhance their global integration, and many in the developing world, where the challenges of increasing urbanization make it more difficult for cities to reap globalization's rewards.

Still, the index shows that global cities - regardless of income levels or location - have much in common: they attract and retain educated people, generate economic opportunity, market themselves to the world, and become centers of culture, policy, or business.

"This new index shows that there is no perfect global city because no city is tops in all dimensions — there is sharp variability and a clear, ongoing shift from a unipolar to a multipolar world," says Columbia's Saskia Sassen.

The Global Cities Index is a complement to the Globalization Index, which A.T. Kearney and Foreign Policy have produced since 2001 to measure global integration among nations.
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Notes and media contacts

About the Global Cities Index:
The Global Cities Index ranks 60 diverse cities from around the globe, based on 24 metrics grouped in five categories: business activity, human capital, information exchange, cultural experience and policy engagement. Business activity is measured by counting the number of Fortune Global 500 headquarters and Top 40 business service firms located in the city, the size of the city's stock and commodities markets, the flow of goods through the city and finally, the number of industry conferences that take place in the city. The human capital dimension combines data on the number of top universities, the number of international students attracted by stellar educational institutions, the number of inhabitants with university degrees, the size of the foreign-born population and finally, the number of international schools available at the primary and secondary level. Information exchange charts the city's location in the international flow of ideas by counting the number of bureaus of global publications found there, the coverage of international news in the local broadsheet with the highest circulation and adds these two measures to the national rate of broadband penetration.

Cultural experience includes the number of international travelers coming to the city, performing arts venues and international shows that utilize the venues, museums, international sporting events and the diversity and quality of the culinary scene. Policy engagement is assessed not only by counting embassies and consulates, international organizations, think tanks and international political conferences held in the city, but also by quantifying other ways in which cities are connected to the international policy realm such as through sister city arrangements and the sponsorship of local organizations with international reach, including investment promotion agencies and NGOs.

About A.T. Kearney:
A.T. Kearney is a global strategic management consulting firm known for helping clients gain lasting results through a unique combination of strategic insight and collaborative working style. The firm was established in 1926 to provide management advice concerning issues on the CEO's agenda. Today, we serve the largest global clients in all major industries. A.T. Kearney's offices are located in major business centers in 34 countries.

About The Chicago Council on Global Affairs:
The Chicago Council on Global Affairs, founded in 1922 as The Chicago Council on Foreign Relations, is a leading independent, nonpartisan organization committed to influencing the discourse on global issues through contributions to opinion and policy formation, leadership dialogue, and public learning.

About Foreign Policy:
Founded in 1970, Foreign Policy is the premier, award-winning magazine of global politics, economics, and ideas. With this issue, FP becomes a part of The Washington Post Company, where it will join The Slate Group. FP is a 2007 and 2003 winner of the National Magazine Award for General Excellence. The magazine's readers include some of the most influential leaders in business, government, and other professional arenas throughout the United States and more than 160 other countries. In addition to our flagship English-language edition and award-winning Web site, ForeignPolicy.com, FP is also published in Arabic, Bulgarian, French, Korean, Portuguese, Spanish, Romanian, and Russian editions.

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