In this fifth edition of Cities of Opportunity, PwC and the Partnership for New York City again examine the current social and economic performance of the world’s leading cities. We also add a future dimension that probes the shape of city economies to come.
Together, looking at 2012 results and ahead toward the possibilities in 2025, we seek to provide a realistic framework for thought and action beginning with 27 of the world’s most significant cities—on one hand, the engine of the modern global economy and on the other, the heart of much of our shared culture.
This year, New York and London finish in a virtual tie to lead overall scoring. However, emerging cities are narrowing the gap within key economic indicators. Both Shanghai and Beijing finish in the Top 5 in City Gateway and Economic Clout, with Beijing leading the latter category.
While New York officially edges out London by one point across 10 economic indicators, the city wins in no individual category. Toronto, which finishes third, also shows great balance yet wins no category. London, however, takes the lead in city gateway, an indicator introduced this year that measures global interconnectedness and international attraction. Rounding out the leaders are Paris, which advances four spots from 2011 to number four, and Stockholm at number five.