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New York has been ranked second, Tokyo third, Paris fourth, Singapore fifth and Amsterdam sixth. This is followed by Berlin, Seoul, Hong Kong and Shanghai.
The Global Power City Index is compiled by the Mori Memorial Foundation’s Institute for Urban Strategies and is based on official data and interviews with roughly 1,000 people in each of the 48 cities surveyed.
The Index ranks major world cities on their “magnetism”, or power to attract people, capital and enterprises from around the world using 70 measures covering their economy, research and development activity, cultural interaction, livability and accessibility.