New York followed the ranks of the cities that are most attractive in terms of global capital, people and innovation, followed by London and Paris. In the Global Cities Index, compiled by the consulting company AT Kearney, last year’s winners remain the most attractive cities. Prague ended in the top ten, but according to the study, it has relatively good prospects for growth.
Study Global Cities Index evaluated the world metropolis according to 27 criteria in 5 main categories: entrepreneurial activity, human capital, availability of information, cultural activities and political involvement. In addition to the mentioned cities, Tokyo, Hong Kong, Los Angeles, Chicago, Singapore, Beijing and Washington were in the top ten. Compared to last year, only Beijing and Singapore swapped places in the top ten.
Among the 125 evaluated cities, on the other hand, Prague fell by 4 places compared to 2014. It thus ranks 51st behind 50th Cairo and just ahead of Budapest and Rio de Janeiro. The reason for the decline is mainly greater competition, as this year 41 cities were evaluated more than last year. “Prague has improved in the overall score, but other cities are also going up. Our capital is doing well, especially in the area of human capital. For the success in this category, there is an ever-increasing level and number of people with a university degree, “says Jiří Steif, managing partner of the Prague office of AT Kearney.
In addition to this ranking, AT Kearney is also compiling a Global Cities Outlook. So a look at the potential of the city in the next 10 to 20 years. Here it is evaluated according to 13 criteria in the categories of level of social services, economy, innovation and stability.
San Francisco is the leader in this ranking mainly due to the large number of innovative companies. In addition to New York and London, the top 10 include Boston, Zurich, Houston, Munich, Stockholm, Amsterdam and Seoul. Prague is on a very decent 37th place, for example before Warsaw and Vienna. “For the Czech capital, this evaluation is a very good promise for a better position in the future,” concludes Jiří Steif from AT Kearney.