Earlier this week, MasterCard Worldwide released its annual survey of “the global economy’s most influential cities”. Read on…
MasterCard Worldwide Research Highlights Growing Role of Asian and Eastern European Cities in the Global Economy
London remains the global economy’s most influential city, according to the 2008 MasterCard Worldwide Centers of Commerce Index™, an annual research initiative designed to evaluate and rank how major cities compare in performing critical functions that connect markets and commerce around the world. The future, however, appears to belong to Asia and Eastern Europe, whose cities represent the fastest rising regions within the Index.
Shanghai had the largest jump in overall rank – moving eight spots from 2007 to 2008 – bringing it into the top 25 of this year’s Index and demonstrating the growing importance of Asian cities to a progressively urbanized global economy. Moscow, a gateway for the fast- growing Eastern European region, showed the greatest improvement in actual Index score and had the most significant gain on London year-over-year. Continue reading