A recent report by Economist Intelligence Unit (EIU), commissioned by Citi, crowned New York city as the first in competitiveness, out of 120 of the worldâ€™s major cities. The Hot Spots report ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists. With a combined population of about 750 million, the 120 cities ranked in Hot Spots represent approximately 29 percent of the global economy and generated a combined GDP of US$20.24 trillion in 2011.
The ten most competitive cities in the world are:
- New York