Asia Pacific cities demonstrate continued resilience in a world of risk finds Kearney

 

SINGAPORE - Radarseluma.Disway.Id - Kearney's 2024 Global Cities Report reveals the strong performance of Asia Pacific (APAC) cities on the Global Cities Index (GCI), a ranking of the world's most internationally connected and influential cities. APAC cities including Tokyo, SINGAPORE, Beijing, Shanghai, and Hong Kong dominate the top 10 spots in the GCI, with SINGAPORE and Shanghai entering into the top five and top 10 rankings respectively, demonstrating significant improvements.

 

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Kearney's latest report highlights that a new form of globalization is emerging, one that is more diversified, increasingly digital, and vastly uncertain in the near term. With shifts in the global geopolitical and macroeconomic landscape bringing the decline of globalization by traditional measures, the performance of global cities signals the emergence of a next wave of global connectivity and exchange.

 

Global Cities Index

 

The GCI measures the connectivity of cities across five dimensions including business activity, human capital, information exchange, cultural experience, and political engagement, underpinned by 31 metrics. This year's GCI introduced new metrics to reflect the macro changes in the global operating environment, including measures of digital readiness and human mobility. Global cities have showcased remarkable resilience, with average scores rising across every dimension.

 

Singapore overtook Beijing to take the fifth position this year, jumping from seventh place in last year's GCI, due to a boost in the business activity dimension, its success in the human capital dimension, a near perfect score in the ease of entry metric, and strong digital capabilities. Meanwhile, Shanghai's leap to eighth place was attributed to the inclusion of the new information exchange metrics, with the Chinese tech center ranked second globally for internet speed and eighth globally for data center presence.

 

Top 10 cities in the 2024 Global Cities Index are:

New York

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