The Global Cities Index (GCI) provides a comprehensive ranking of the leading global cities from around the world. It is designed to track the way cities plan as their populations grow and the world continues to shrink.
2. The Global Cities Index (GCI) provides a comprehensive ranking of
the leading global cities from around the world. It is designed to
track the way cities plan as their populations grow and the world
continues to shrink.
“What’s most important about the Global Cities Index is that it
provides perspective at a time when the value of globalization is
being called into question. If global conditions worsen, you will see
growth in people migrating to cities for what they see as better
economic opportunities.” _ Chairman of A.T. Kearney.
What is Global City Index?
Source: A T Kearney Report 2008, 2010, 2012, 2014.
3. • Globalization
• Transnational Corporation (the TNC)
• A New Spatial Division of Labor
*(1) Production has been decentralized to the global
periphery
*(2) Command centers” have emerged in a few key
places we call “global cities”.
– Three tiers
• 1st tier
• 2nd tier
• 3rd tier
The Global City
Source: A T Kearney Report 2008, 2010, 2012, 2014.
4. Source: A T Kearney Report 2008, 2010, 2012, 2014.
5. Source: A T Kearney Report 2008, 2010, 2012, 2014.
Interdependency
6. City Branding
Developing a shared vision of the city in years to come –
create distinction on the global landscape ( symbolic capital)
Global Cities
Smart Cities
Digital Cities
Educating Cities
Science Cities
Knowledge Cities
Creative Cities
Healthy Cities
European Cities of Culture
Learning Cities, Learning Regions. Learning Communities
Source: A T Kearney Report 2008, 2010, 2012, 2014.
7. Source: A T Kearney Report 2008, 2010, 2012, 2014.
8. What makes a Global City?
Globalization is the increasing integration of economics, societies
and cultures around the world.
Put another way, it is the denationalization of economics and
culture, a transfer of power and influence from national states to
global markets and global taste-makers.
It is a process driven by technology that leaps frontiers.
It is symbolized by movement – of money, goods, people, ideas and
jobs.
Globalization is also about speed – speed in communications,
speed in transaction, and the speed with which people and capital
move.
Proximity is no longer required, although as our data show, it still
helps – and proximity occurs in cities.
Source: A T Kearney Report 2008, 2010, 2012, 2014.
9. The Global Cities Index, first realized in 2008,
examines cities along five dimensions.
•Business activity
•Human capital
•Information exchange
•Cultural experience
•Political engagement.
To call a global city your own suggests that the
ideas and values of your metropolis shape the
world. And to a large extent that’s true. 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 in ways unlike any other.
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.
Global City Index 2008
Source: A T Kearney Report 2008, 2010, 2012, 2014.
10. The results prove there is no such thing as a perfect global city, for
no city dominated all dimensions of the Index. However, a few came
close. New York emerged as the number one global city this year
(2008), followed by London, Paris and Tokyo. Although the winners
may be the usual suspects, they have plenty of new competition.
First runner-up London won in the cultural experience category,
with Paris and New York not far behind. Third-ranked Paris led the
world in the information exchange category, while Tokyo took the
fifth spot primarily due to its strong showing in business activity.
And, although it finished 11th overall, Washington, D.C., easily beat
out New York, Brussels and Paris as the leader in political
engagement.
The Winner’s Circle
Source: A T Kearney Report 2008, 2010, 2012, 2014.
11. Global Cities Index 2010
The 2010 Global Cities Index ranks 65 cities from around the world.
New York and London once again top the list, followed by Paris,
Tokyo, Hong Kong, Los Angeles, Chicago, and Seoul. Each of these
cities excels across multiple dimensions.
This year, we added the Emerging Cities Outlook to our analyses,
which examines the strengths and weaknesses of cities in developing
markets by examining the rates of change and key factors that will
affect their ability to capitalize on future globalization. The Outlook
highlights the vast potential of Beijing and Shanghai, thanks to a
thriving economy, a growing middle class, and infrastructure
improvements.
Source: A T Kearney Report 2008, 2010, 2012, 2014.
12. The Comparison of 2008 and 2010
The index shows that the average globalization score of most groups
of cities increased from 2008 to 2010, although scores between the
highest and lowest ranked cities widened.
Source: A T Kearney Report 2008, 2010, 2012, 2014.
13. Top Global Cities of today and Rising Cities of
tomorrow
Source: A T Kearney Report 2008, 2010, 2012, 2014.
14. Asian cities are rising stars
Source: A T Kearney Report 2008, 2010, 2012, 2014.
What the 2010 Index shows is that Asian Cities are on the move
and may be the new claims to global prominence.
Of the to 10 cities, five are in the Asia-Pacific region (Tokyo, Hong
Kong, Singapore, Sydney and Seoul).
China and India are knocking at the door with lots of investments
and jobs from the rest of the world.
They are educating their students and building their infrastructure
for an Asian future.
Their aim is no less than to be the future drivers of a globalized
world.
Many of these cities would have placed higher had we not used
censorship as a criterion of global openness.
15. The BRICs
Source: A T Kearney Report 2008, 2010, 2012, 2014.
Few now doubt the ascendancy of Brazil, Russia, India and China: 20
years ago, only Tokyo and Hong Kong, may be Singapore, would have
made the Global Cities list at all.
16. Business activity
The 2010 data for the index shows that despite worldwide turmoil,
financial hubs did not fall as dramatically in the rankings as might
have been expected.
17. Human capital
Cities thrive and prosper through investment in brain power. Our
human capital dimension looks at how educated and diverse a
population is that resides in a city.
18. Information exchange
Free flow of information and easy access to it may be the most
critical force driving global development and innovation. Whether
it’s a Bangladeshi farmer checking market prices via his cell phone or
a hedge fund manager monitoring news from a New York office
skyscraper.
19. Cultural experience
The difference between a grinding industrial urban enclave and a top
ranked global city may well be the cultural experience of the
population.
20. Political engagement
The fifth dimension of the study evaluates the reach and connection
of each city with the rest of the world in the political arena. It is no
surprise that Washington, D.C. and New York maintain their
rankings as the leaders in political engagement, with Brussels close
behind at 3rd.
21. Conclusion
Any major city needs to achieve and sustain a financial base that
attracts and connects with the rest of the world.
In order to expand its capital markets, flow of goods, and
attractiveness to international investment, a city that aspires to
global reach must invest in many areas, particularly those most
critical to success in good times and bad.
The ability to attract and hold a well educated and diverse
population, the infrastructure to exchange the free flow of
information.
The societal willingness to encourage commentary and criticism,
the power of culture to enhance lifestyle and global dialogue.
The ability to be part of a worldwide conversation on policy are all
key to achieving to echelon performance.