Asia with half of the top 10 most global cities

Asia with half of the top 10 most global cities
Foreign Policy together with management consulting firm A.T. Kearney and the Chicago Council on Global Affairs, the cities ranking based on a study of 65 cities with more than 1 million people and is measured by business activity, human capital, information exchange, cultural experience and political engagement. "Asia now boasts half of the top 10 most global cities (though New York and London still rule). But many of the fastest-growing places are far down on the list, proving the point that it's a lot easier to grow big than it is to grow smart," the Foreign Policy magazine said.New Delhi and Mumbai occupy 45th and 46th position while Kolkata is placed at 63rd spot in a list of rankings of the top 65 global cities. Paris and Hong Kong have been ranked fourth and fifth respectively, while Chicago has been placed at sixth spot, followed by Los Angeles (7), Singapore (8), Sydney (9), Seoul (10), Brussels (11), San Francisco (12), Washington (13) and Toronto (14).New York, London and Tokyo are the top three cities in the list, a survey has said.On the 2010 Global Cities Index, New York ranked 1st; Hong Kong, 5th; Beijing, 15th and Taipei, 39th. In addition, Shanghai ranked 20th; Guangzhou, 57th; Shenzhen, 62nd and Chongqing, 65th.Karachi, the only Pakistani metropolis was ranked 60, Dhaka was placed at 64 while Beijing which suddenly caught the imagination of the world by successfully hosting the Olympics has been ranked 15th. "So what makes a Global City? Not size alone, that's for sure; many of the world's largest megalopolises, such as Karachi (60), Lagos (59), and Kolkata (63), barely make the list. Instead, the index aims to measure how much sway a city has over what happens beyond its own borders -- its influence on and integration with global markets, culture, and innovation," the report said. The seats of traditional political power aren't necessarily the most global. Only four of the top 10 cities are national capitals. Washington comes in at No 13. Beijing (15) edges out Berlin (16), which trounces Moscow (25), Magazine said. "The 21st century will not be dominated by America or China, Brazil or India, but by the city," said the report released by the prestigious Foreign Policy magazine in collaboration with A T Kearney and The Chicago Council on Global Affairs.