“Well over half of the world’s population now lives in cities, generating more than 80 percent of global GDP. To put the results of the index in context, the study authors reviewed existing research and interviewed city experts, mayors, and corporate executives around the world, such as Khoo Teng Chye, Executive Director of Singapore’s Center for Liveable Cities. ![]() These cities collectively represent about 29 percent of the global economy, with a combined GDP of US$20.24 trillion. The result of these efforts is a dynamic economic environment that continues to attract corporations seeking entry into growing Asian markets.Ĭommissioned by Citigroup, the “Global City Competitiveness Index” ranked the 120 cities across eight distinct categories of competitiveness and 31 individual indicators. 13, 2012) – Hot spots, an Economist Intelligence Unit research program, released today a competitiveness ranking of 120 of the world’s major cities, with Singapore coming out tops in Asia and third worldwide behind New York (1st) and London (2nd).Ĭovering a territory of 275 square miles, Singapore has managed to attract the strong presence of global companies such as Proctor & Gamble and Rolls Royce, alongside innovative startups and technological research.
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