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 world’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