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New York is the world’s most competitive city, according to the Global Urban Competitiveness Project. The study ranks 500 cities on their ability to attract and use resources to generate wealth. The cities are assessed on nine measures, including income, economic growth, innovation, jobs, prices and the presence of multinational firms. The report found that the gap between the best-performing cities and the worst is widening. Indeed, there is a fairly large gap between the top two cities, New York and London, and Tokyo in third place. Cities in Europe and North America are richest, but China has the fastest-growing ones. Asian cities also score highly in patent registrations and attracting multinational companies. |
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