best global cities for business us news report

What becomes evident when looking at how the urban centers around the globe are going to develop over the coming years, is the increasing importance of emerging and developing markets. This phenomena is not only fundamentally changing the way in which individuals function in society, but also it has a transformative effect on industries, consumption patterns and supply chains.

It is noteworthy that global resource use is concentrated in cities, which account for more than 70% of greenhouse gas emissions and two thirds of worldwide energy use. Both urbanization and the role of cities as economic powerhouses highlight the importance of taking a closer look at the aspects associated with cities that nurture businesses. Cities are increasingly considered independently of their national context and rather assessed in relation to one another, i.e., in a transnational network of central marketplaces and operational hubs. Just like people, economic activities also tend to concentrate in cities – more than 80 percent of the world’s gross domestic product (GDP) is generated there. In addition, urban agglomerations are becoming larger in size. More than half of the world’s population already lives in urban areas, and this proportion is expected to rise to over 65 percent by 2030. Urbanization has been identified as one of the megatrends shaping the economy and society globally. The individual cities included in this product were chosen based on their economic importance and geographical distribution.

The distribution of cities across the geographical regions and countries was based on their relative share of the global and regional economy.

This second edition covers much of the basic data relevant to businesses and ranks cities based on selected key aspects. Our intention is to provide valuable insights to support business decision-making, especially choice of location. This report brings together information on 200 most important business cities from 71 countries around the globe.

Best global cities for business us news report