The result of such a global intercity competition determines cities' functions and positions in the global division of labour and thus in the global urban hierarchy, and ultimately determines their ability to increase prosperity and welfare in urban communities. Schroders Global Cities Index charts the top ranking cities in the world London was first place a year ago but has now fallen down to third place Three US cities remain dominant in the. This paper proposes a city attraction hypothesis that states that global intercity competition is essentially about a city's ability to attract the highest possible value from global flows of values in order to promote urban development. L IVING CONDITIONS in cities across the world have fully recovered from the deterioration caused by the covid-19 pandemic, EIU ’s latest liveability index shows. The chart below presents the overall global city scores for 2010 and rankings for both 2010 and the prior 2008 analysis. Kearney and The Chicago Council on Global Afairs. These are among the highlights of the 2012 Global Cities Index (GCI), a joint study performed by A.T. Therefore the emphasis is increasingly on less costly and more synergistic city marketing, which utilises city branding and “city profiling” that aim at attract high value-adding services or high-tech firms. While New York, London, Paris, and Tokyo still rank among today’s top cities, it appears that Beijing and Shanghai may become significant rivals in the next 10 to 20 years. At the core of attraction strategy are business promotion activities with appealing incentives, but it is assumed that such a competition is risky and may lead to a race to the bottom. Choose the city on the chart below to see details Global Cities, Rank Global Cities, Score 1 New York 61.67 2 London 58. Attraction-oriented development strategies aim at effective absorption of external resources from the global space of flows. 1 Human capital, Rank 1 Information exchange, Rank 2 Cultural exchange, Rank 3 International political engagement, Rank 2 Select the sub-index to display the ranking. In the context of global intercity competition, cities' major goal is to increase their competitiveness, in which the positioning and attractiveness of a city have a critical function. Globalisation is dramatically changing the context of urban communities and the premises for urban development policy.
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