What makes a global city? Foreign Policy magazine just came out with what they call the Global Cities Index - a ”comprehensive ranking of the ways in which cities are integrating with the rest of the world.” They explain their Index this way:
The world’s biggest, most interconnected cities help set global agendas, weather transnational dangers, and serve as the hubs of global integration. They are the engines of growth for their countries and the gateways to the resources of their regions. In many ways, the story of globalization is the story of urbanization.
But what makes a “global city”? … The cities that host the biggest capital markets, elite universities, most diverse and well-educated populations, wealthiest multinationals, and most powerful international organizations are connected to the rest of the world like nowhere else. But, more than anything, the cities that rise to the top of the list are those that continue to forge global links despite intensely complex economic environments. They are the ones making urbanization work to their advantage by providing the vast opportunities of global integration to their people; measuring cities’ international presence captures the most accurate picture of the way the world works.
So which cities came out on top? Not surprisingly, New York led the list, followed by London, Paris, Tokyo and Hong Kong. Other U.S. cities in the top 30 were Los Angeles, Chicago, Washington, San Francisco and Boston. Toronto came in with a healthy ranking of number 10.
After Tokyo and Hong Kong, the leading Asian cities were Singapore and Seoul. After London and Paris, the European leaders were Brussels, Madrid and Berlin. The Latin American leaders were Mexico City, Sao Paulo and Buenos Aires. And the highest ranked cities in the Middle East and Africa were Dubai, Istanbul and Cairo.



