Monday, January 17, 2011

Top 5 richest city in the world by GDP in 2020

One issues is bothering a lot every economic countries, no matter from which part of the world they are. The globalization is one issue, being a problem for some nations and advantage for others. In order to generate more sustainable inside life and good city urbanization, every government is trying to be placed on many international markets in order to trade with the biggest countries. 
In order to see one city prosperity you can easily calculate its GDP and see the progress during the last years. Nowadays, in the top 10 countries in the world 6 of 10 cities are from the European Union. For one thing I am sure and this is the fact that after the harsh consequences from the Euro Zone and bankruptcy of some countries, the picture will change dramatically in the next 10 years. 
I have found a graphic, which is showing the richest country by GDP during 2020 and this time there is only one European city in the top 5. From all of them: Tokyo, New York, Los Angeles, London and Chicago I consider London to be the most interesting for me. As a size of population and borders London is the smallest one. It seems that during the next 10 years, we are going to be witness how to be number 1 in the whole Europe. London is now taking 21st place in world ranking list. So, its going to be a huge progress. As a major financial institutions, this city its generating a lot of profit from banking and investment issue. This one  reason, why despite the financial crisis the standard is still high. An important tourist destination, London is making  a lot of incomes from  many hotels in London. In order to be number one of the tourist market a lot of money have been investing in the London hotels

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