CHICAGO, May 31: For the third successive year, global
management consulting company A.T. Kearney has termed San Francisco as the top
city in the company's yearly Global Cities Outlook. In the Global Cities Index,
New York re-claimed the chief spot from London. Taken collectively, the Global
Cities Outlook and Global Cities Index encompass Global Cities 2017.
"The Outlook and Index provide a compelling look at 128
of the world's leading cities, as well as those that are poised to make a
significant impact," stated Mike Hales, A.T. Kearney partner and co-leader
of the study, adding, "There were several geopolitical events this year
that profoundly impacted cities around the world and that we anticipate will
have a hand in shaping future rankings. These include the U.K.'s Brexit vote,
elections in France and Germany, as well as the U.S. presidential and
congressional elections. All are significant global players and merit close
attention in the coming months. Our historical database also gives a comprehensive
look at which cities are wise investment decisions for corporate leaders, as
well as those primed to make significant progress."
The Global Cities Outlook appraises a city's forthcoming prospective.
A frontrunner in patents per capita, and owning an extraordinary degree of
private asset and incubators, San Francisco secured the chief spot in the
Global Cities Outlook.
Over the preceding two years, Paris has persisted to enhance
its position in the Outlook and is currently contesting San Francisco and New
York City, chiefly driven by material upsurges in foreign direct investment
(FDI) and reasonable infrastructure enhancements. This is the third year for
the Outlook. It assesses the prospective of 128 cities centered on the rate of alteration
in 13 top metrics across four extents: personal comfort, finances, novelty, and
authority.
The Global Cities Index surveys the present accomplishment of
cities. This year, New York and London get the number one and two spots, correspondingly,
as the globe's most international cities on the company's 2017 Global Cities
Index. The chief two spots on the Index characterize a turnaround of last
year's discoveries.
This is the seventh version of the Index, which was primarily
commenced in 2008. It surveys the present accomplishment of cities centered on
27 metrics covering five crucial proportions: commercial action, human capital,
information give-and-take, cultural experience, and political commitment. The
Index delivers understandings into the present worldwide reach, accomplishment,
and degree of expansion of the globe's leading cities.
In this year's Index, along with six of the preceding seven
Indexes, New York gained the chief spot. New York regained the first-place position
essentially because of a robust functioning in information give-and-take and a greater
position than London in political commitment and guidance for economics. London
has also undergone a more considerable reduction in business action since 2016.
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