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Expert: Copenhagen in the global élite
10-07-2008

Economy:

The globalisation expert Saskia Sassen estimates that the Danish capital is the world’s 14th most important city in the global economy.  This means that Copenhagen is part of a powerful and dynamic network in the global economy.

The globalised world is among other things a network of large cities, believes Saskia Sassen who is one of the world’s most respected experts in the field.

The globalisation is actually always locally embedded in specific places in what she calls “global cities”. And their number has increased tremendously since the 1980s. Today Saskia Sassen estimates that there are approximately 50 large and small global cities. One reason is the growth rate in the global economy. Another is the change from a unipolar world with one major super power the USA to a multipolar world with several players. Today, the city of Copenhagen is included according to “Master Card Global Centers of Commerce Study 2008”, which Saskia Sassen recently has prepared – together with among others the economist Dr. Yuwa Hedrick-Wong.

And here Copenhagen ranks 14 in the WCOC Index among 75 cities ahead of for example Zürich, Los Angeles and Milan. The analysis is based on approximately 70 criteria where Copenhagen scores high points in many of them. Copenhagen ranks for example:

  • 3 in the category: to which degree the city’s political and legal frameworks enable growth of global commerce
  • 16 where it is easy to do business
  • 13 how easy is the flow of information and the generating of knowledge

Included in top ten are New York and Chicago as well as London, Paris, Frankfurt, Amsterdam and Madrid.

 



Last updated on: 09-07-2008 << Back   Top
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