Will Maitland Weiss
The sweet sixteen. The elite eight. The final four. But what does it really come down to...Who’s number ONE?!?!
In the case of The Economist's Hot Spots: Benchmarking Global City Competitiveness (just released last week), IT’S NEW YORK.
A total of 120 cities were evaluated with 31 indicators for each city (21 qualitative and 10 quantitative) in “eight distinct, thematic categories” like “economic strength,” and “financial maturity,” and “social and cultural character.”
The Economist journalists write in their executive summary:
"Competitiveness is a holistic concept. While economic size and growth are important and necessary, several other factors determine a city’s competitiveness, including its business and regulatory environment, the quality of human capital, and cultural aspects. These factors not only help sustain high economic growth rates, but also create a stable and harmonious business and social environment. Against this backdrop, we define competitiveness as the demonstrated ability to attract capital, business, talent, and visitors."
I love this stuff.
Let’s face it: I love when New York wins.
You love it when your city, your team, your organization wins—as you should; but, this isn’t a fluff press release from the tourism/convention agency and it isn’t, ultimately, about New York.