London and New York top Forbes’ global list of most influential cities British capital ranked number one despite ‘imperial decline’ of ‘second-rate power’. Top Ten most influential city in the world according to Forbes
“No city better exemplifies this than London, which after more than a century of imperial decline still ranks No. 1 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.”Forbes based its city rankings on eight factors, including the level of foreign direct investment, the number of corporate headquarters, the amount of business types it dominates, ease of air travel to other global cities, the strength of financial services, technology and media power, and racial diversity.Using those factors, Forbes found London and New York held a “hegemony” over the rest of the world, standing far ahead of their nearest rivals, Paris and Tokyo.
Rising stars were named as Singapore, currently in fifth place, Dubai in seventh and San Francisco, which is in equal 10th.
Cities which could leap into the top 10 in future include Soul, currently number 16, Abu Dhabi, now in 20th, and Sao Paulo in 23rd.
Despite being among the world’s most populous cities, in countries which are seen as being on the cusp of an economic breakthrough, cities elsewhere in the developing world are considered lacking in influence. SEE MORE ON PAGE2