By Kathy Bergen | (Chicago Breaking News)
Chicago moved up two slots, to No. 6, in an updated ranking of global cities, coming in behind New York, London, Tokyo, Paris and Hong Kong.
The ranking aims to show how much influence a city has beyond its own borders. It was conducted by Foreign Policy magazine, management consulting firm A.T. Kearney and the Chicago Council on Global Affairs, and comes two years after the inaugural ranking by these same parties.
The top four cities retained their hold over the two-year period, though the ranking also showed growing momentum in Asia and the Pacific, with five of the 10 cities deemed most global. In addition to Tokyo and Hong Kong, those cities included Singapore, Sydney and Seoul.
The ranking analyzed data ranging from numbers of major company headquarters to the size of capital markets and the flow of goods through airports and ports, Foreign Policy magazine stated. Other factors included numbers of embassies, think tanks, political organizations and museums.