Singapore has risen to the sixth place on the Global Cities Index 2017, published by consultancy firm AT Kearney - this is also the country's highest ranking ever. It is boosted by its claim over the top spot for “online presence" - which measures a city’s information exchange level, or access to information via the Internet and other media sources.
For the Index, New York retained its place at the top, followed by London (2), Paris (3), Tokyo (4) and Hong Kong (5).
In a separate Global Cities Outlook, Singapore emerged at the 11th position, taking the top spot for “governance." This index ranks cities in terms of their future potential. Singapore was the only top ranked Asian city, with Tokyo coming in at 23.
“In today’s day and age, economic development by itself is no longer sufficient for a city to be a global hot spot. Cities are now measured on whether economic development is making lives better for residents,” said Chua Soon Ghee, partner and head of South-east Asia at AT Kearney.
“On that front, Singapore is a clear global leader. Its business-friendly environment, a world-class education system and digital connectivity have helped companies and individuals thrive, turning it into a leading global hub.”
The Global Cities Index was launched in 2008. It ranks cities based on 27 metrics across five critical dimensions: Business activity, human capital, information exchange, cultural experience and political engagement.
The Global Cities Outlook, on the other hand, ranks cities based on 13 metrics across four critical dimensions: Personal well-being, economics, innovation and governance. The “governance” matrix measures long-term stability of a country through transparency, quality of bureaucracy and ease of doing business.
The Outlook brings a forward-looking perspective to city-level policies and practices that shape future competitiveness, identifying growing cities that are likely to be the most prominent global cities of the future, said AT Kearney.
“With an unrelenting focus on maintaining the highest quality of standards and ethics in bureaucracy and governance, the city-state is not only performing well today but is also positioning itself for continued growth and global influence in the future,” Chua added.
Singapore also made it to the “Global Elite” list of cities - these are the placed that rank in the top 25 of both the Global Cities Index and the Global Cities Outlook.
Does real estate in India continue to attract you as an investment opportunity?
Contribute an ArticleLearn more
Vaishali Trivedi is a solo Kathak dancer, singer, choreographer and a teacher. Based in Ahmedabad, she has performed extensively in more...
On June 25, Modi will address an invitation-only group of Indian-Americans and Indians in America at the 14,000 square-feet ballroom at The...
Superstar Salman Khan’s Eid blockbuster hit cinemas today and the first reactions have been less than stellar.
In celebration of Hari Raya Puasa, the Istana grounds will be open to the public on Sunday, 25 June 2017, from 8.30am to 6.00pm.