Taipei Ranks 37th Place in Global City Competiveness

Taipei, March 14, 2012 (CENS)--Taipei ranks 37th place in city competiveness among the world's 129 major cities, according to a report just released by Economist Intelligence Unit (EIU).

New York tops the list, posing as the most competitive city worldwide. Washington D.C., Chicago, and Boston are other U.S. cities on the top-10 list.

The ranking is compiled on the basis of 31 indicators, including economic competiveness, human resources, maturity of financial industry, institutional efficiency, hardware construction, international attractiveness, social and culture features, environment, and natural hazard.

Among Asian cities, Singapore ranks 3rd place, followed Hong Kong at fourth place, Tokyo at sixth place, Seoul at 20th place, Taipei at 37th place, Beijing at 39th place, Shanghai at 43rd place, Shenzhen at 52nd place, and Bangkok at 61st place.

New York Mayor Bloomberg attributed on March 12 the top performance of the city in the ranking to continuous investments by the city government and the intelligence and innovation of New York citizens.

New York attracted 50.5 million travelers last year, a record high. In addition, employment at private enterprises in New York is 60% higher than the U.S. average and its ability for economic recovery is the highest in the U.S.

The 120 cities covered by the ranking boast 750 million of population and US$20.2 trillion in GDP, accounting for 29% of the global total.

Of the top 30 cities, 24 are located in the U.S. and Western Europe, due to high technological maturity of citizens and complete infrastructure and institutions.