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Cities in Competition : The Future

Cities in Competition : The Future. Summary and Evaluation of the Competitiveness Study commissioned for Citibank by the Economist Intelligence Unit and its ’ results relating to Budapest. Competitiveness : the past.

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Cities in Competition : The Future

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  1. CitiesinCompetition: The Future Summary and Evaluation of theCompetitiveness Study commissionedforCitibank by the Economist Intelligence Unit and its’ resultsrelatingto Budapest

  2. Competitiveness: thepast Inthepast, city-statescompetedforeconomic and territorialinfluence: • Babylon (17th-18th century BC) • Mesopotamia • Sparta-Athens (6th- 3rd century BC) • Greekcity-states • Venice- Padova (14th century AD) • Italian city-states

  3. Competitiveness: The present • The FrenchRevolutionbroughtabouttheracebetweennations , whichlastsuntiltoday • However, 50% of theEarth’spopulationalreadylivesincities, and • Citiesproduce 80% of theworld’s GDP

  4. Competitiveness: The Future • Inthefuture, citieswillonce again competewithoneanother: • Dubai • New York • London • Moscow • Berlin • Budapest

  5. The EIU study • Citibank commissionedthe Economist toproduce a reportontheglobalcompetitiveness of citiesaccordingtothefollowingcriteria and weights:

  6. The Results 1. • European and American citiesarethe most competitive, inspite of theiraginginfrastructure and budgetdeficits • Asia’seconomicgrowth is mirroredinthecompetitiveness of theircities • African and South American citiesaretheleastcompetitive

  7. Results 2. • Anysized city can be competitive, howeverpopulationdensityaffectsthecompetitiveness of largecities. • The fastest-growingcitieshave a population of 2-5 million

  8. Results 3. • The biggestadvantage of citiesinthedevelopedcountries is theirabilitytoattracttalent : „I have long believed that talent attracts capital far more effectively and consistently than capital attracts talent.” -MichaelBloomberg, Mayor of New York • Infrastructureinvestmentsindevelopingcitieswilldeterminetheirgrowth, howevertheywillneed more tobecomeattractivetotalent.

  9. Budapest onthelist 25. Vienna 39. Beijing 40. Dubai 41. Barcelona 46. Prague 50. Rome 53. Warsaw 55. Budapest 58. Moscow 59. Tel-Aviv • 60. Buenos Aires • 61. Bangkok • 66. Cracow • 71.Mexico City • 72. Athens • 74. Istambul • 76. Bukarest • 76. Rio de Janeiro • 100.S.Petersburg • 108.Kiev • 120.Teheran • New York • London • Singapore • Paris • Hong Kong • Tokyo • Zürich • Washington • Chicago • Boston … http://johomaps.com/world/worldcities.html

  10. Budapest: The numbers

  11. Budapest – RegionalComparison

  12. Budapest – Compared

  13. BudapestA city wecanbuildon! • Budapest’scompetitivenessaffectsthe country aswell: • The city produces 40% of Hungary’s GDP • The only „metropolis” inthe country, region • The advantages of Budapest: • Has a usableshipping route (Danube) • Many highwayslead to the city • Excellentlocation- situated along a European transit route • Has an international airport • Diverse economic structure • European-level schools, universities • Vibrant cultural life

  14. Areasfordevelopment: • Economicstrength • Human resources • Financial maturity Human Capital, talentcompetitiveness • Budapest’ssuccess = Hungary’ssuccess

  15. Thankyou! Photos: Wikipedia.org

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