“The newest ranking of the world’s most economically powerful cities put together by Martin Prosperity Institute (MPI) research team finds New York to be the clear winner [over London]. Our Global City Economic Power Index is based on five core metrics: Overall Economic Clout, Financial Power, Global Competitiveness,
Equity and Quality of Life.”
100 years ago, the biggest trends in urbanization showed that the biggest cities in the world were also the most economically powerful cities in the world in core areas. In the last 50 years, the most obvious change has been the remarkable growth in of the world’s largest cities in the developing world.
Questions to Ponder: Why has there been such spectacular growth of megacities, especially in the developing world? How is this map ranking global cities different from a list of the world’s largest cities? What regional patterns do exist in the 25 most economically powerful cities in the world? What are the implications of these patterns?