Mori Memorial Foundation’s GPCI 2019 Report: London Loses Momentum, Tokyo Is Sluggish and Paris Trends Upward
TOKYO--(BUSINESS WIRE)--Nov 19, 2019--
London, New York, Tokyo and Paris were again named the world’s most comprehensively attractive cities, in that order, in the Global Power City Index (GPCI) 2019 report published by The Mori Memorial Foundation’s Institute for Urban Strategies, a research body established by Mori Building, a leading urban developer in Tokyo. Since 2008, the annual GPCI report has been ranking 40 or more major cities in terms of “magnetism,” or overall power to attract creative individuals and enterprises from around the world. Cities are rated in terms of 70 indicators in six categories (functions): Economy, R&D, Cultural Interaction, Livability, Environment and Accessibility. In an effort to deal with changes in the conditions surrounding global cities, the GPCI is continuously improving its indicators and data-collection methods.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191118005309/en/
Global Power City Index(GPCI) 2019 - 48 Target Cities (Graphic: Business Wire)
Amidst increasing opacity in the global economy and rising awareness of environmental issues, London saw its comprehensive score fall after eight years of holding onto the top position in the GPCI. Although the scores of New York, Tokyo and Paris all decreased for their own reasons, the degree of Tokyo’s fall widened its gap with New York, although the gap between Tokyo and Paris narrowed. Paris continued to move forward following its successful bid in 2017 to host the 2024 Olympic Games, overcoming a previous downtrend following the city’s 2015 terrorist attack.
A large number of challenging events occurred or continued to occur in 2019, such as U.S.-China trade friction, the UK’s intended withdrawal from the EU and protests in Hong Kong. Noticeable effects on GPCI 2019 scores included Beijing and Shanghai’s sluggish “GDP Growth Rates” and London’s falling number of “World’s Top 500 Companies.” Hong Kong will likely feel the effects of its political unrest in the GPCI 2020.
Highlights (#1-#10 cities)
View source version on businesswire.com:https://www.businesswire.com/news/home/20191118005309/en/
CONTACT: For further information:
The Mori Memorial Foundation
Institute for Urban Strategies,
Peter Dustan, +81-3-6406-6800
For International Media
Reina Matsushita / Kaya Tanabe,
+81-(0)80-2375-0295 / +81(0)90-7726-7027
KEYWORD: NEW YORK UNITED STATES UNITED KINGDOM SINGAPORE JAPAN FRANCE NORTH AMERICA NETHERLANDS ASIA PACIFIC EUROPE
INDUSTRY KEYWORD: OTHER CONSUMER CONSUMER OTHER CONSTRUCTION & PROPERTY CONSTRUCTION & PROPERTY URBAN PLANNING
SOURCE: Mori Memorial Foundation
Copyright Business Wire 2019.
PUB: 11/19/2019 12:30 AM/DISC: 11/19/2019 12:30 AM