Toronto ranked #18 on an index of most powerful cities created by Richard Florida, senior editor at
and director of the Martin Prosperity Institute at the University of Toronto. It shares that spot with Shenzhen, a Chinese city of about 10.5 million. The list scores cities based on five other lists ranking global powerhouses.
"The most common way to rank cities is by their populations. It's well known than more than half the world's population now lives in cities and metro areas," writes Florida. "In another couple of decades that will increase to roughly three quarters. But population is a crude measure of economic strength, which is more a function of productivity, technology and human capital or skills."
"The biggest issue in gauging the economic power of cities until recently has been the lack of good, comparable and systematic data. But in the past several years, a number of research teams, think tanks and global consulting firms have come up with novel and innovative ways to gauge the relative economic strengths of global cities and metro areas."
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Original source: The Atlantic