Moscow maintains high positions in the GaWC global cities ranking

The authors of the ranking analyzed the activities of 175 leading global companies providing services in more than 700 cities.

Moscow retained its position in the top group Alpha of the World according to GaWC ranking, prepared at the University of Loughborough (UK) and assessing the impact of cities on the world economy. This was announced by Vladimir Yefimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

“Together with Moscow, the Alpha group includes such megalopolises as Toronto, Sydney, Madrid, Zurich, Jakarta, Brussels and Seoul. Thus, the Russian capital has once again confirmed its status as a global economic and financial center. In 2020, the authors analyzed the activities of 175 leading global companies providing cutting-edge manufacturing services in 707 cities around the world,” he said.

The GaWC rating measures the level of corporate globalization among companies operating in the fields of accounting and auditing, advertising, finance, and management consulting - areas that have the greatest impact on the economic relationships between countries, cities and business entities.

“Moscow first appeared in the GaWC rating in the year of its launch - in 2000 - in the Beta + group, and from 2008 to the present it has been holding a position in the top Alpha group,” said the Minister of the Moscow Government, head of the Moscow Department of Economic Policy and Development Kirill Purtov.

According to him, the rating has three levels. Alpha includes megacities that form global urban networks. These include Moscow, London, Paris and Hong Kong. Beta + includes cities that integrate large regions into the global economy, including Berlin, Budapest, Rome, Abu Dhabi and Osaka, and the Gamma group includes cities that integrate small regions into the world economy, such as Rotterdam, Baku, Riga and Tbilisi.

There is also a group of cities that are not considered world centers, but have a set of services that allow them to provide a certain degree of independence. These are small capitals and traditional production centers, in particular Krakow, Yerevan and Lusaka.