Tag Archives: Standard of Living

Building blocks of growth: Cities with the best infrastructure

Mercer, a global consulting firm, annually carries out a survey to help them rank the quality of living of various cities around the world. And this year, in the 19th Quality of Living Ranking, city infrastructure gets its own ranking, as Mercer believes that multinationals pay close attention to this when establishing overseas offices and sending workers abroad.

 

The survey considers the following aspects in ranking each city: traffic congestion, public transportation, the range of international flights available from local airports, telephone and mail services, electricity supply, and access to clean water.

 

Image source: The New York Times
Image source: The New York Times

 

Overall, coming in first place, and the only Asian country in the top five, is Singapore. In fact, Singapore has done so well in infrastructure that the World Bank has decided to create an Infrastructure and Urban Development Hub in its Singapore branch. Citing Kyle Peters, World Bank Senior Vice President for Operations,

 

“This agreement with Singapore to create the World Bank Group’s first global Infrastructure and Urban Development Hub is built on our mutual belief that sustainable infrastructure and urban development are critical to fostering economic growth, improving the quality of life of the poor and building opportunities for more equitable prosperity.”

 

And despite political and financial turmoil in Europe, the succeeding four ranks have an overwhelming majority of European cities with Germany’s Frankfurt and Munich both tied in second place. After all, both cities are known for their transit and airports, with Frankfurt known for having the “largest airport in continental Europe and the second-largest European train station” and Munich for having a vast system of metros, both above an underground.

 

Image source: metroeasy.com
Image source: metroeasy.com

 

Copenhagen, Denmark, bagged the fourth place. While the most popular mode of transportation here is the bicycle, Copenhagen also has a huge network of public transportation. Dusseldorf in Germany rounds up the top five.

 

In almost every case, quality infrastructure is the most important consideration when measuring a city’s capability to provide high living standards for its citizens, attract foreign investment, improve business operations, and display a positive overall reputation. Infrastructure is most especially critical for investors who want to make sure that they are pouring their assets in a globally competitive and vastly sustainable city.