London was named the leading global city

London was named the leading global city

As of 2014, London was named the leading global city. But in ten years it will be deposed by New York, according to ee24.com citing The Wealth Report 2014 from KnightFrank.

London, New York, Singapore, Hong Kong, Geneva, Shanghai, Miami, Dubai, Beijing and Paris are major global cities. But to 2014 London and New York will switch places, and Paris will even drop out from top-10.

Currently KnightFrank experts believe that the most important European cities are London, Geneva, Paris, Zurich and Moscow.

While identifying global cities specialists take into account four groups of factors: economic activity, political power, quality of life, and knowledge and influence.