MADRID has been ranked 28th overall in global city competitive rankings just released, while Barcelona was 41st.
The index ranked the competitiveness of 120 of the world´s major cities according to:
– Economic strength
– Global appeal
– Financial maturity
– Institutional effectiveness
– Social and cultural character
– Human capital
– Environment hazards
New York came out overall top followed by London, Singapore and then Paris.
But individually in the global appeal section, Barcelona finished in a lofty ninth position, and Madrid 12th.
London was also top in this section, followed by Paris, Tokyo and Singapore, and with New York in 8th spot.
US and European cities – accounting for 24 of the top 30 city rankings – are the most competitive, despite concerns over ageing infrastructure and large budget deficits.
But London´s The Economist Intelligence Unit´s Global City Competitiveness Index for 2012 – commissioned by Citigroup – found that emerging market cities including Ahmedabad in India and Tianjin in China have the potential to competitively catch up.