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Originally Posted by Wigs
Overall it's definitely a better ranking than the GaWC was
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I do wonder whether people actually dive into the methodology, but succinctly, the GaWC research paper that is often quoted – but misunderstood – looks at measuring a city within the global economy, based on the networks of advanced producer service enterprises; the greater the concentration, the higher the output figure. It isn’t a definitive approach as to how to ‘rank’ a world city – the authors acknowledge this and are actually a bit peeved by the boosterism and misinterpretation – and there are instances where some cities could be higher/lower based on other definitions and interpretations of what a world city ought to be measured by. Nonetheless it is a credible piece of research that has been a cornerstone of urban geography studies for the past two decades.
Quote:
Originally Posted by iheartthed
Everything you listed is a result, just like skyscrapers. Embassies and consulates locate to places where people and/or state power is located. Population locates places with opportunity. Skyscrapers are built in places with high land values. These can all be defended as metrics to gauge a city's "importance".
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Skyscrapers are relevant to the conditions within a city and these vary wildly. Dubai having as many supertalls as all North American cities combined doesn’t help us gauge importance. Madrid, Warsaw and Frankfurt all have towers taller than anything in Paris La Défense, what importance can we gauge from that?
The problem with a lot of these lists/rankings is that people’s interpretation of a world city can vary quite vary for a lot of reasons – economic, religious, political, ceremonial, financial, cultural – and trying to create one list to rule them all is bound to face accusations of bias from some quarters regardless of transparency and relevance. For me, the core variables need to incur the fewest questions around accuracy, relevance and interpretation in terms of an international
world city. A potential list in my view would incorporate the following:
- Foreign-born population
- International tourist count
- Foreign-born HNWI’s
- International student number
- Embassies/consulates
- Capital city status
- International air destinations
- Cultural (could never define this, maybe foreign participation in sports clubs, perhaps icon recognition/ranking)
- International Association meetings
- Foreign bank branch count
- Finance market volumes (stock/derivatives/currency/bullion)
- Professional service firm presence (GaWC)