These are the reasons why a Japanese research institute believes that Madrid is the ninth best city in the world

If you think of the best cities in the world to invest in, it is unlikely that a large city in southern Europe (an area that is not at its best economically and politically speaking) is believed to be the best with large pockets of opportunity in Asia-Pacific or North America, while an institution in Tokyo believes that Madrid is a great city of opportunities.

The Institute of Urban Strategies is one of the two research institutes that the Japanese Mori Memorial Foundation has. This foundation was created in 1981 with the aim of improving the lives of Japanese citizens by promoting the creation of good urban environments. This institute conducts research, and if you want Japanese cities to improve, you will have to know why foreign cities are good, to be able to copy what they do. This study looks for “magnetism”, that is, the ability of cities to attract workers, employees, tourists and investors.

And what are the best cities in the world? Well, according to this study we have:

  1. London
  2. New York
  3. Such
  4. Paris
  5. Singapore
  6. Amsterdam
  7. Berlin
  8. Seoul
  9. Madrid
  10. Shanghai

The next Spanish city in the ranking is Barcelona, ​​in 18th place, In the Spanish-speaking world, there are only Buenos Aires (40th place) and Mexico City (44th place).

The Global Cities Power Index Study 2021

Ius Gpci2021 Target Rank

This study has been carried out by the aforementioned research institute and has been carried out in collaboration with academics from prestigious educational institutions in Asia, Europe and the United States. Cities are measured in six aspects: Economy, Accessibility (transport), Environment, Habitability, Cultural Interaction and R&D. Each of these categories has subcategories, and if we look at them in detail, we will understand why Madrid has been so good, and what are the aspects to improve.

  • Economy: This category comprises the subcategories of market size (nominal GDP and per capita GDP), market attractiveness (GDP growth and economic freedom), Economic viability (capitalization of the stock market and top 500 companies), human capital (total of employment and employees in business services companies), the business environment (level of salaries, availability of qualified workers, variety of job options) and ease of doing business (corporate tax and political, economic and business risk). The cities that stand out the most in this category are New York, London and Beijing.
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  • I+D: which has the subcategories of academic resources (number of researchers and number of best universities in the world), research environment (R&D spending, number of international students and academic performance) and Innovation (number of patents, science award winners and technology and number of startups). ). The cities that stand out the most in this category are New York, London and Los Angeles.
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  • Cultural Interaction: with the subcategories of potential to set trends (number of international conferences, number of cultural events, value of cultural exports, state of the art market), tourist resources (tourist attractions, proximity to World Heritage sites and life options nightlife), cultural facilities (number of theaters, museums and stadiums), visitor amenities (number of normal and luxury hotel rooms, attractiveness of shopping options, attractiveness of dining options) and international interaction (number of foreign residents and foreign visitors). ). The cities that stand out the most in this category are London, Paris and New York.
  • Quality of life: with the subcategories of work environment (unemployment rate, total working hours, and work flexibility), cost of living (rental price and price level), security (number of murders and risk of natural disaster), well-being (hope of life, freedom and social equality and risk of mental health), ease of life (number of doctors, level of ICT preparation, number of stores and number of restaurants). ). The cities that stand out the most in this category are Madrid, Paris and Barcelona.
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  • Environment: with the subcategories of sustainability (commitment to climate action, use of renewable energies, recycling rate), air quality and comfort (CO2 emissions per capita, air quality and level of comfort of the temperature), urban environment (quality water, urban green spaces and satisfaction with urban cleanliness). ). The cities that stand out the most in this category are Stockholm, Copenhagen and Sydney.

  • Accessibility: with the subcategories of international network (cities with direct flights and air freight flows), air transport capacity (number of air passengers and landings and take-offs), urban transport (station density, use of public transport and travel time to airport), convenience of transportation (commute time to work, traffic congestion and ease of getting around by taxi or bicycle). ). The cities that stand out the most in this category are Shamgahi, Paris and London.

Looking at these categories we can see that although this or that small or medium city makes a wonderful impression on us, it is normal that it does not appear. Many subcategories are added, in a way that favors large numbers. And this is a ranking of which are the best cities to live and invest in them.

This values ​​the study of Global power of Cities of Madrid and Barcelona

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What the study of Spanish cities values ​​the most is the quality of life, with Madrid and Barcelona appearing in first and third place respectively, but they don’t appear in the top 10 of any of the other categories. In Economics, Barcelona appears in 29th place and Madrid in 31st, in R&D Madrid appears in 29th place and Barcelona in 34th, in Cultural Interaction Madrid appears in 11th place and Barcelona in 14th, in Environment Madrid is the 15th and Barcelona the 26th, and in Accessibility Madrid is the 14th and Barcelona the 16th.

That is to say, The two legs where the two main metropolises of Spain fail the most is where we always insist, the economy and the innovation environment. If they didn’t score that high for quality of life, it would be unlikely that they would appear in the top 20 in the world. I think it was a Dutch soccer coach who said that Spain was fine to live, but not to work, something that remains true.

The good news is that the situation is capable of improvement and that the steps to be taken are not unknown, but repeated dozens of times from academia and think tanks.

Ask the readers, Of the cities in the ranking, which one do you think is the best and why?

In The Salmon Blog |

Via | Mori Memorial Fundation
Image | Phil Fiddyment
Image | rbtraveller

Image | Phil Fiddyment


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