“Policy makers in cities can use the data to evaluate the position of their city within wider global networks of corporate service provision.” “Collecting these data over two decades has allowed GaWC researchers to monitor and analyse the dynamics of corporate globalisation as it unfolds, and contracts, in cities around the world. “GaWC data can give us a unique insight into the emergence of a ‘world city network’, the highly integrated circuit of strategically important cities at the centre of the global economy. Michael Hoyler, Reader in Human Geography at Loughborough University, said: “The GaWC world city network data have been collected regularly since 2000, and provide information on the locational strategies of advanced producer service firms – in accountancy, finance, corporate law, advertising and management consultancy – across cities worldwide. The list then continues with ten more categories – Alpha, Alpha-, Beta+, Beta, Beta-, Gamma+, Gamma, Gamma-, High Sufficiency and Sufficiency. Seven cities including Hong Kong, Paris and Tokyo occupy the next level and are classed Alpha+. London and New York are the only two ranked Alpha++. The ranking is used to classify cities into 12 categories from Alpha++ down to cities with sufficiency of services. The top 20 connected cities according to GaWC 2020:
The more firms present in a city, and the more networked they are, the higher the city ranks.īeing home to the headquarters of one of the 175 businesses included in the study, such as Deloitte, Ernst and Young, KPMG, PwC, Epsilon, Experian, Barclays, Capital One, Citi, Deutsche Bank, Goldman Sachs and Merrill Lynch, will also increase a city’s score.ĭetailed data for 20 have also been released, providing free access for further analysis. The World According to GaWC 2020 was compiled by looking at the size and function of the offices of large management consultancies, law firms, accountants, financial services and advertisers based in each city. Researchers from the Globalization and World Cities (GaWC) Research Network, based at Loughborough and Ghent University, have ranked 707 cities from across the globe according to how integrated they are with the world economy.
London is the most connected city in the world followed by New York, according to new data published by Loughborough University. London and New York are the most connected cities in the world – new data shows
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