Hong Kong ranked #5 in Global City index
In A.T. Kearney’s “Global Cities Present & Future” report for 2014, Hong Kong has retained its fifth place globally behind New York, London, Paris and Tokyo. The report studied 84 cities across 26 metrics in five core areas.
- Business Activity
- Human Capital
- Information Exchange
- Cultural Experience
- Political Engagement
Unsurprisingly, Business Activity was one of Hong Kong’s strongest metrics with Cultural Experience and Political Engagement scoring behind other cities. The level of Political Engagement is again, fairly unsurprising as Hong Kong struggles towards a universal suffrage mechanism that will satisfy both Beijing and the local political activists/populace. The Hong Kong Cultural Experience is relatively rich in terms of cuisine, language, customs/festivals etc. but is impacted with a lack of historical building preservation. More on this in our next post!
The Authors note that “Mainland China’s integration in the global economy is reflected in advances in the index. Indeed, as Beijing, Shanghai, and Guangzhou climb the ranking, other key cities in Asia (such as Hong Kong, Taipei, Singapore, and Seoul) have remained stagnant or declined in relative terms.”
Peter Udall (Guest Editor)
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