Toronto has been named the World's 10th Most Influential City, sharing the title with Los Angeles and San Francisco Bay.
Cities were graded in eight categories: "the amount of foreign direct investment they have attracted; the concentration of corporate headquarters; how many particular business niches they dominate; air connectivity (ease of travel to other global cities); strength of producer services; financial services; technology and media power; and racial diversity," Forbes reports.
Urban development expert Joel Kotkin, urban geographer Ali Modarres, former Accenture analyst Aaron Renn, and demographer Wendell Cox conducted the report.
"Toronto, as the economic capital of Canada, has becomes a focus for international investment into that stable and resource rich country. It is also among the most diverse cities on the planet — 46 per cent of its population is foreign born," wrote Kotkin in
a column for Forbes.
However, according to the full report, Toronto is considered a "rising star" in these matters. "For the most part, Toronto’s place is largely as Canada’s premier financial and corporate centre. It dominates no global industry and generally ranks in the middle in terms of technology and foreign investment, but easily beats Canada’s former premier city, Montreal, which manages a relatively weak 41st."
Still, our top 10 spot again positions Toronto as a city quickly climbing the global ranks.
The world's top 10 Most Influential Cities are as follows:
1. London
2. New York
3. Paris
4. Singapore
5. Tokyo
6. Hong Kong
7. Dubai
8. Beijng (tie)
8. Sydney (tie)
10. Los Angeles (tie)
10. San Francisco Bay (tie)
10. Toronto (tie)
Read the full report
here.
Original Source: Forbes