skip to main |
skip to sidebar
London-based Mercer Human Resource Consulting released a new set of rankings of the World's 50 most expensive cities. Moscow topped the list, followed closely behind by London. The highest ranking US city, New York is ranked at 15, down from number 10 last year. The only other US city to crack the top 50 was LA which came in at number 42, down significantly from number 29 last year. Not surprisingly, most of the cities that saw big jumps were in Europe where the Euro and the British Pound continue to gain value versus the US Dollar. The methodology is more related to how much globe trotting executives should expect to spend in one city versus the other, and therefore it is not nearly as extensive or as related to the overarching "Globalization and Cities" subject as last week's MasterCard rankings are, but it's definitely worth a look.Photo Source: Wikipedia.org
MasterCard released a new ranking of global cities, "Worldwide Centers of Commerce". The list ranks London as the top commerce center in the world based on the methodology below. Most of the methodology factors seem to be variants of one factor, "Financial Deregulation". Another factor, "Knowledge Creation and Information Flow" seems to stray from the crowd, but I wonder how the authors of the study quantify that score. Still, the amount of data and insight provided on the MasterCard site is worth a look. A full list of the rankings and a fact sheet document are also provided.
Research Methodology
* Legal and political frameworks (10%) - Degree to which legal and political frameworks enable the emergence of a Global Center of Commerce.
* Economic stability (10%) - Degree to which a Center of Commerce is handicapped by an unstable economic environment, currency, or unpredictable inflation.
* Ease of doing business (20%) - Availability of quality, cost-competitive trade logistics; level of interconnectedness; and ability to attract and retain talent due to a high quality of living.
* Financial flow (22%) - Measurement of the city's actual output or financial achievement.
* Business center (22%) - Degree to which the city intermediates the flow of goods, services, people, finances and information, etc.
* Knowledge creation and information flow (16%) - Degree to which information flows freely and knowledge is generated.
London-based Mercer Human Resource Consulting released a new set of rankings of the World's 50 most expensive cities. Moscow topped the list, followed closely behind by London. The highest ranking US city, New York is ranked at 15, down from number 10 last year. The only other US city to crack the top 50 was LA which came in at number 42, down significantly from number 29 last year. Not surprisingly, most of the cities that saw big jumps were in Europe where the Euro and the British Pound continue to gain value versus the US Dollar. The methodology is more related to how much globe trotting executives should expect to spend in one city versus the other, and therefore it is not nearly as extensive or as related to the overarching "Globalization and Cities" subject as last week's MasterCard rankings are, but it's definitely worth a look.
