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Table 3.III

Favorable Characteristics of International Cities
(By PriceWaterhouseCoopers)

 
     
 

Modern cities are the home to most of the world's population and intellectual and economic capital. Each year, a comprehensive report is prepared by PriceWaterhouseCoopers of the top performing business cities in the world.

In 2012, the report analyzed a city's performance and functionality by evaluating ten (10) indicators across sixty (60) variables to reveal how well-balanced a city is for both businesses and residents.

  A total of 27 cities were evaluated, resulting in the following overall rankings:  
  1. New York 8. Hong Kong 15. Madrid 22. Abu Dhabi  
  2. London 9. Chicago 16. Milan 23. Buenos Aires  
  3. Toronto 10. Tokyo 17. Beijing 24. Istanbul  
  4. Paris 11. Toronto 18. Kuala Lumpur 25. Johannesburg  
  5. Stockholm 12. Sydney 19. Shanghai 26. Sao Paolo  
  6. San Francisco 13. Los Angeles 20. Moscow 27. Mumbai  
  7. Singapore 14. Seoul 21. Mexico City      

Three key factors governed the choice of cities:

  • Capital market centers. Many of the cities included are hubs of commerce, communications and culture. But all are financial capitals of their region—meaning each plays an important role not only locally but also as a vital part of a globalizing economic fabric.
  • Distributed over a broad geographic sampling. While each city is a center of finance and commerce in its own region and in many cases the world, collectively the 27 cities form a representative international distribution.
  • Balanced between mature and emerging economies.

The relevant data was collected from three main sources:

  • Global multilateral development organizations such as the World Bank and the International Monetary Fund (IMF).
  • National statistics organizations such as National Statistics in the UK and the Census Bureau in the U.S.
  • Commercial data providers.

The 27 cities were sorted from the best performing to the worst. The cities were then assigned a score from 27 (the best performing) to 1 (the worst performing). In the event of a tie, cities were assigned the same score.

Our current table highlights the TOP 10 performing business cities based on this report.

To view the complete report, visit PWC: Cities of Opportunity

 
     
    New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  Total
Score
1,112 1,111 1,096 1,073 1,062 1,061 1,045 1,015 997 974  
     
  Intellectual
Capital and
Innovation
Score
189 184 198 194 205 191 122 150 170 167  
  Classroom
Size
15 13 25 18 21 20 5 8 16 9  
  Libraries w/
Public Access
18 24 22 17 27 21 5 11 19 20  
  Math/Science
Skills
Attainment
15 18 21 17 15 15 26 26 15 22  
  Literacy
and
Enrollment
23 18 25 24 26 23 9 10 23 19  
  % of Pop w/
Higher
Education
24 19 20 25 26 27 6 13 21 22  
  Research
Performance
of top
Universities
26 27 18 22 19 15 11 20 21 25  
  Innovation
Cities
index
25 23 24 26 18 27 15 21 12 17  
  Intellectual
Property
Protection
17 24 21 25 26 17 27 22 17 19  
  Entrepreneurial
Environment
26 18 22 20 27 26 18 19 26 14  
  City
Gateway
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  121 145 69 143 55 85 99 108 88 111  
  Hotel Rooms 25 24 14 22 3 12 13 21 10 23  
  International
Tourists
24 27 12 23 11 14 26 21 1 15  
  Number of Intl
Association
Meetings
9 23 10 27 20 6 26 17 8 15  
  Aircraft
Movements
27 25 16 23 3 22 9 10 26 20  
  Incoming/
Outgoing
Passenger Flows
26 27 10 23 3 15 13 17 24 25  
  Airport to
CBD Access
10 19 7 25 15 16 12 22 19 13  
  Technology
Readiness
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  91 79 66 65 89 93 80 71 81 80  
  Internet
Access
in Schools
20 24 22 9 27 20 26 23 20 12  
  Broadband
Quality
Score
22 14 12 20 26 22 15 18 23 25  
  Digital
Economy
Score
26 17 19 14 27 26 21 22 26 16  
  Software Dev.
and
Multi-Media
Design
23 24 13 22 9 25 18 8 12 27  
  Health,
Safety and
Security
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  97 96 116 89 119 107 103 71 109 93  
  Hospitals 20 16 21 9 25 24 17 5 26 4  
  Health System
Performance
15 19 22 20 25 15 26 11 15 27  
  End of Life Care 24 27 24 19 18 24 17 15 24 14  
  Crime 18 18 24 18 24 24 27 27 24 24  
  Political
Environment
20 16 25 23 27 20 16 13 20 24  
  Tranportation
and
Infrastructure
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  101 99 109 99 103 92 114 103 92 107  
  Public
Transport
Systems
15 27 27 25 25 12 20 22 20 22  
  Mass
Transit
Coverage
23 15 18 27 26 25 12 17 13 9  
  Cost of
Public
Transport
11 2 6 7 3 16 17 24 11 14  
  Licensed
Taxis
7 13 6 23 22 8 20 11 10 18  
  Major
Construction
Activity
22 19 27 2 4 8 18 14 15 21  
  Housing 23 23 25 15 23 23 27 15 23 23  
  Sustainability
and
Natural
Environment
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  83 65 101 86 88 101 69 59 72 58  
  Natural
Disaster
Risk
12 17 25 21 26 7 17 3 21 1  
  Thermal
Comfort
10 11 7 17 5 20 13 17 7 14  
  Recycled
waste
13 14 23 8 12 26 16 25 7 10  
  Air
Pollution
24 17 26 14 18 25 16 9 23 22  
  Public
Park Space
24 6 20 26 27 23 7 5 14 11  
  Demographics
and
Livability
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  59 72 75 82 73 76 75 78 67 59  
  Cultural
Vibrancy
27 26 16 25 14 20 12 18 18 22  
  Quality
of Living
13 14 27 24 25 16 16 21 20 23  
  Working
Age
Population
8 9 16 16 7 23 20 22 12 3  
  Traffic
Congestion
11 23 17 17 27 17 27 17 17 11  
  Economic
Clout
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  119 119 98 120 83 76 110 99 67 92  
  Number of
Global 500
Headquarters
24 24 21 25 12 12 12 16 12 27  
  Financial and
Business
Services
Employment
19 25 20 26 22 23 11 7 21 8  
  Attracting FDI:
Number of Greenfield
Projects
20 26 10 22 7 1 25 24 2 19  
  Attracting FDI:
Capital
Investment
17 24 9 20 5 1 26 22 2 19  
  Productivity 26 16 18 21 20 25 15 12 23 17  
  Rate of Real
GDP Growth
13 4 20 6 17 14 21 18 7 2  
  Ease of
Doing
Business
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  182 181 175 137 161 154 202 198 158 156  
  Ease of
Starting
a
Business
23 19 26 17 14 22 25 24 22 8  
  Resolving
Insolvancy

22 24 25 11 16 22 26 18 22 27  
  Employee
Regulations

27 2 10 6 8 22 26 23 24 13  
  Ease of Entry:
Countries w/ Visa Waiver
8 23 12 17 17 8 27 25 8 14  
  Flexibility
of Visa Travel
10 27 16 12 21 10 4 26 10 18  
  Foreign Embassies
or Consulates
22 26 11 27 20 7 15 12 7 24  
  Level of
Shareholder
Protection
24 19 24 10 16 24 27 26 24 17  
  Operational
Risk
Climate
20 16 24 21 26 20 27 25 20 15  
  Workforce
Management
Risk
26 25 27 16 23 19 25 19 21 20  
  Cost
Score
New
York
London Toronto Paris Stockholm San
Francisco
Singapore Hong
Kong
Chicago Tokyo  
  70 71 89 58 86 86 71 78 93 51  
  Total
Tax
Rate
14 20 24 5 8 17 25 26 15 10  
  Cost of Business
Occupancy
12 3 18 7 16 17 10 1 23 2  
  Cost of Rent
1 5 13 12 16 6 2 3 10 7  
  Consumer
Price
Index
9 3 6 4 5 8 7 11 15 2  
  iPod index 27 22 23 17 22 26 11 14 20 19  
  Cost of
Internet
7 18 5 13 19 12 16 23 10 11  
     
 
Source:
PWC.com/cities

There are other similar compilations, each with its own set of criteria.
Among them:

Global Cities Index
The Global Financial Centres Index 8
Search Global City Data

 

 

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