44 of the world’s cities ranked in The Mori Memorial Foundation’s GPCI 2017 Report
London, New York and Tokyo Remain the World's Most Attractive Cities
Rutsuko Nakajima, +81 (0)90 9006 5841
Masashi Nonaka, +81 (0)80 1037 7879
London, New York, and Tokyo were again named as the most comprehensively attractive cities in the Global Power City Index (GPCI) 2017 report published today by The Mori Memorial Foundation’s Institute [..], a research institute established by Mori Building, a leading urban developer in Tokyo. First released in 2008, the annual GPCI report evaluates and ranks 44 major cities according to their “magnetism,” or their overall power to attract creative individuals and enterprises from around the world. Cities are rated on the basis of 70 detailed indicators in six categories: “Economy”, “R&D”, “Cultural Interaction”, “Livability”, “Environment”, and “Accessibility”.
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Overall ranking of all 44 cities and function-specific ranking of top 10 cities (Graphic: Business Wire)
This year, the top three cities - London, New York and Tokyo – all retained their slots, with London maintaining its No. 1 position for the sixth year running. Tokyo, which claimed the No. 3 position for the first time last year, further improved its scores in the field of “Cultural Interaction”, closing the gap on second-placed New York. Paris experienced a significant decline in its ranking in the “Livability” category, due largely to the recent terrorist attacks, but the host city of the 2024 Olympic and Paralympic Games is expected to rise above the competition in the coming years by further strengthening its “Accessibility” scores and recovering its “Cultural Interaction” ratings.
Overall, European cities scored highly on “Livability” and “Environment”, maintaining their reputations as the world’s most livable cities, while U.S. cities maintained their high scores in the areas of “R&D”, underscoring the attraction of these cities for researchers and innovators. Seven Asian cities, topped by Beijing, Tokyo, Shanghai and Hong Kong, featured in the top 10 in the “Economy” category, followed by Dubai, which featured for the first time in this year’s report and achieved strong ratings for its corporate tax rates, ranking No.11 in that indicator category.
Commented Hiroo Ichikawa, Executive Director of The Mori Memorial Foundation, “In the last 10 years, the report has shown that the power of cities has been changing as a result of changes in the macro environment. Our report suggests that a city’s overall power cannot be determined by a single factor, such as economy, but needs to take into account the many factors that define the city. Rapid urbanization and globalization pose both challenges and opportunities for cities, so for cities to thrive, they need to accurately assess their specific strengths and weaknesses, as well as their relative positioning against other cities. We believe that our GPCI report can help policy makers and global companies achieve smarter planning and decision-making in their efforts to thrive in today’s highly competitive global environment.”
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