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Originally Posted by 18Montclair
Im sorry, I didnt realize that you personally authored this ranking so I can understand your defensiveness. My bad.  |
No need for that. You saw the points which are used to rank their strength and chose to ignore it. There's nothing personal about that. This is the relative equivalent of me showing a hypothetical "tech ranking" with the following scores:
SF Bay 99
Boston 78
Seattle 77
New York 76
And saying "well Boston is closer to SF than it is to New York"
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But while your here, would you please explain to us the reasoning for ranking Montreal above PARIS? Vancouver over Beijing and Lisbon over Madrid?
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To be honest, I don't know. I don't know all these things and as with every list there's going to be errors or things that don't make sense to us.
However here's what I've been able to assess after reading through the report:
In regards to Paris' ranking:
- The Eurozone is really taking a beating right now. In the text, they mention all of the Euro-currency cities which are falling like rocks (Madrid down 11 places, Dublin down 10, Milan down 9). In fact the only Eurozone city I can find in the Top 30 which actually rose is Munich, which is located in the healthiest country in the Eurozone. I believe it's possible Paris is simply experiencing some of the negative affects of being located in such a troublesome area. This may also explain the Lisbon over Madrid thing too.
- Despite being such a major city in the world, Paris hasn't ever really been a financial services leader in Continental Europe. Geneva, Frankfurt and Zurich have always been considered stronger financial services centers.
Montreal:
- I have no clue. I can't find anything about Montreal in terms of details.
For Beijing, perhaps it is simply being overshadowed by its neighbors. Even despite Shanghai's favorable ranking, there are many who don't think financial services can be effectively performed on mainland China. I'm really not sure how that plays out because, again, Shanghai is ranked very well, but this could be putting restrictions on Beijing's ability to grow.
Similar to San Francisco in the US, there's really no major financial player in Western Canada. Sometimes cities are able to benefit due to lack of competition. Also, I'm sure due to its massive Chinese population, the business relationship between Vancouver and China is a good one.
For Singapore, it is similar to Hong Kong in the sense that it's a small, independent area in the middle of a massive economic boom, with access to China (and both were Crown Colonies). Though Tokyo is close to China, I'm not sure how great of a business relationship the two have. Japan and China are two countries who have traditionally not got along very well. Two massive advantages for both Singapore and Hong Kong is that their governments have traditionally taken a "hands-off" approach to financial services (which is why you'll see Singapore ranked as the #3 gov & reg city in the ranking). On top of that, you can see all their rankings on pages 26 & 27. From assessments and statistics, they seem to have been able to find reason to rank Singapore ahead of Toyko in every major category.
In addition to these things, Singapore apparently runs a bit of Swiss-East banking system (at least according to its Wiki). Its banking is quite anonymous and it's known as a place where ill-gotten funds can be stored. Unfortunately as the East becomes wealthier, people are going to want to hide their money in order to avoid paying taxes, etc., so Singapore will benefit greatly. However, I don't think this is a major component of Singapore's success.
But as I said before, there's plenty of room for argument. There's no such thing as a perfect list. However just because you don't agree with a couple of the rankings doesn't mean we should call it rubbish. San Francisco
is ranked pretty high after all
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who 'repped' me by telling me that size of economy is not important still didnt answer the damn question, so I'll ask it again.
