5. Which cities are the most competitive in the world? As has been noted, global urban competitiveness (GUC) is the ability of a city to attract and utilize resources, provide goods and services, create wealth and provide its citizens with the society and economy to which they aspire, more effectively than other cities in the world. Based on this definition, we collected data on nine indices including gross domestic product (GDP), GDP per capita, labor productivity, number of multinational companies, number of internationally recognized patent applications, price advantage, economic growth rate and employment rate. We calculated the Global Urban Competitiveness Index (GUCI) for 500 cities around the world. These 500 cities are distributed in over 130 countries and regions in five continents, and since all nine indices use objective data to measure the general performance and wealth creation of each city, we can gain insights into the development and competitiveness of cities around the world by comparing and analyzing the GUCI of these 500 cities, including the specific components in the indices. The main findings are provided in this chapter. WORLD CITIES ARE TOP CITIES AND HIGH-TECH CENTERS ARE AMONG THE LEADERS World cities and global high-tech centers are the most competitive among all cities. New York, London and Tokyo are the top three cities in terms of the GUCI. The top 20 include world cities such as Paris, Washington, Los Angeles, Singapore, Chicago, Toronto, Seoul and Madrid, as well as well-known global high-tech centers, such as Stockholm, San Francisco,...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.