Seven years ago, PriceWaterhouseCoopers (PwC) and the Partnership for New York City started asking what New York had to do to remain competitive on the world stage. That resulted in the Cities of Opportunity report. This year just saw the release of the 4th edition. This time around, they ranked 26 cities around the world, with a third of them located in the Asia-Pacific region. Curious as to whether your city is one of the chosen ones? Below is a run down of the Asia-Pacific cities that made it into the list.
26. Mumbai (India)
Mumbai (or formerly known as Bombay), is the most populous city in India and fifth most populous city in the world. It is the capital of the Indian state of Maharashtra.
Strength
Even though it is the lowest ranked city in the report, Mumbai has a few strengths: It ranks number one for sustainability (a third of India electricity consumption is provided by renewable energy). Their few other strengths are: recycled waste, city carbon footprint, attracting FDI (Foreign Direct Investment), and their skyscraper construction activity.
Weakness
You will expect they have a longer list of weaknesses because Mumbai ranks last out of all the cities evaluated. They are almost the bottom for everything: Cost (last), technology readiness (2nd last), intellectual capital and innovation (2nd last), health, safety, and security (3rd last), ease of doing business (3rd last), demographic and livability (3rd last), lifestyle asset (3rd last).
19. Shanghai (China)
Shanghai is the most populous city in China and is one of the world’s major financial centres. It aims to be a global finance hub and international shipping centre.
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