Monday, September 20, 2010
The Global Cities Index 2010
Foreign Policy magazine has announced its annual Global Cities Index for 2010. According to FP, "we are at a global inflection point" and this index "reveals a snapshot of this pivotal moment". 5 out of the top 10 cities on the list are in Asia and the Pacific while only 2 are from Europe which signals a significant shift of what FP calls "global clout" from West to East. The index is calculated using information that falls into one of five dimensions: business activity, human capital, information exchange, cultural experience and political engagement. According to FP, cities on this list are not only global players economically but also culturally and politically. The index measures how much influence a city has beyond its own borders including its "influence on and integration with global markets, culture and innovation". Do you agree with Foreign Policy's ranking of these cities? Are there some that should have been on the list but were not, or vice versa?
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I find it extremely interesting that there are no Indian cities at the top of the list. I don't think it comes as a shock to anyone that the majority of the cities are in Asia. But India has globalized and grown at almost the same rate as China, and is generally heralded as an economic leader in the making. On the other hand, it is not as culturally open as many of these others and still generally maintains its own unique/traditional characteristics rather than taking on a cosmopolitan/global attitude
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