Three cities in Mexico – Mexico City Metropolitan Area, Monterrey Metropolitan Area and Querétaro – are included on the 2013 list of “The World’s Most Competitive Cities. A Global Investor’s Perspective on True City Competitiveness”, a report issued by Site Selection magazine in cooperation with IBM Global Business Services.
It is the first time the city of Querétaro (2010 population: 805,000) has been included on the list; Mexico City and Monterrey are old-timers on the list.
The 100 cities studied all have a minimum population of 1 million inhabitants in the local labor catchment area and attracted at least 25 foreign investment projects in 2009-2011. The study aims to rank the competitiveness of cities “to attract investment and international projects in various sectors”, and to identify those locations with the best combined “cost-quality” for particular types of investment project.
The report presents rankings and findings for five different types of operations:
- International headquarters, coordinating corporate operations in a global region
- Financial services center of competence
- Software development center
- R&D center for life sciences, combined with pilot production
- Shared services center, providing support for corporate operations in finance, customer support, human resources or IT
Rankings are based on 30 factors or parameters (see chart above).
The most competitive cities in the world were London, U.K. (score of 78.0), Singapore (78.5), New York City (77.4), Amsterdam (76.3) and Hong Kong (75.9).
Mexico City Metropolitan Area was ranked as number 57, with a score of 55.8. Monterrey Metropolitan Area ranked number 72 (48.2) and Querétaro city ranked number 90 (43.6).
- The geography of Mexico City: index page
- Have big cities in Mexico succeeded in meeting people’s needs? (Sep 2013)
- The most competitive states in Mexico (Dec 2010)
- Several Mexican cities rank among the American Cities of the Future (Apr 2013)
- The growth of the city of Monterrey, Mexico’s industrial powerhouse (Oct 2013)
- City of Querétaro becoming Mexico’s aeronautical manufacturing center