Is London the most influential city in the world?

Is London the most influential city in the world?

London has been ranked number one, gaining the title of most influential city in the world, according to an article by Forbes this month. England’s capital beat New York who achieved 2nd place and Paris who secured 3rd place.

To determine the most influential cities in the world, political and economical analyser Joel Kotkin, urban geographer Ali Modarres, former Accenture analyst Aaron Renn and demographer Wendell Cox graded 58 leading metropolitan areas in eight categories: the amount of foreign direct investment they have attracted; the concentration of corporate headquarters; how many particular business niches they dominate; air connectivity (ease of travel to other global cities); strength of producer services; financial services; technology and media power; and racial diversity.
Writing in Forbes, Kotkin said: “After more than a century of imperial decline, [London] still ranks at number one in our survey […] The United Kingdom may now be a second-rate power, but the City’s unparalleled legacy as a global financial capital still underpins its pre-eminence.”

Interestingly, although Paris reached third position, none of the other cities in the top 10 were in Europe. Singapore, Tokyo, Hong Kong, Dubai, Beijing, Sydney and Los Angeles followed closely behind.

What really seems to set London apart from New York, is its time-zone advantaged for doing business in Asia, and having the second best global air connections of any city after Dubai, with nonstop flights at least three times a week to 89% of global cities outside of its home region of Europe.

 

Gordon Innes, CEO of London & Partners, the Mayor’s promotional company for the capital, commented on London’s success: “London has many outstanding attributes that are recognised worldwide, including a deep pool of talent, superb access to markets and financial backing, and a well-earned reputation for innovation and creativity,

I am proud that Forbes has recognised these strengths in this study, and we will continue to showcase London to the outside world, not only helping as many companies as possible to come to our city, but also creating new jobs and economic growth that will benefit both London and the UK.”

What do you think, is London the most influential city in the world? Tweet us your thoughts @kennedypearce

 

 

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