Dhaka least competitive: EIU

FE Report June 26, 2012

Dhaka has been named in the world’s 120 competitive cities but it ranked 118th by scoring 27.7 points.

A report, titled Hot Spots, ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists conducted by a new Economist Intelligence Unit (EIU) research study of the Citigroup.

With a combined population of about 750 million, the 120 cities ranked in Hot Spots represent approximately 29 per cent of the global economy and generated a combined GDP of US$ 20.24 trillion in 2011.

In terms of ‘economic strength’, the most highly weighted category, 15 of the top 20 cities are in Asia of which two are from India — Bangalore (16th) and Ahmedabad (19th).

Overall, it was European and US cities which are the most competitive globally, the report said.

According to the report, the most competitive cities in the world are: New York, London, Singapore, Paris and Hong Kong (jointly fourth), Tokyo, Zurich, Washington DC, Chicago, and Boston.

It examined 31 indicators for each city. The indicators were grouped under eight distinct, thematic categories: economic strength, human capital, institutional effectiveness, financial maturity, global appeal, physical capital, environment and natural hazards, and social and cultural character.

A city’s overall ranking in the benchmark index is a weighted score of the underlying categories.

 

Note: Dhaka in several other global surveys ranked among the worst polluted, least liveable and cheapest cities.