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The 19 global cities with the best economic potential

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Schroders has published its annual "Global Cities Index," which ranks cities according to their economic growth and future prospects.

The index is compiled using a range of factors, including the projected growth of the economy, projected disposable incomes over the next decade, and the size of the working population.

While North American cities continue to dominate the list — taking nine of the top 19 places — is China's growing ever-expanding "mega-cities" which occupy some of the very top spots, as their working population and economic prospects continue to grow rapidly.

Take a look at the cities which made the top of the list.

19. Philadelphia, USA — the fifth most populous city in the United States has evolved into an economic and educational hub, with an annual gross domestic product (GDP) of £306 billion ($388 billion.)



18. Toronto, Canada — with a population of over 2,500,000, Toronto is the fifth largest in the whole of North America. It is Canada's commercial hub, and is home to the Toronto Stock Exchange, and the headquarters of Canada's five largest banks.



17. Miami, USA — Miami is an economically diverse city with strengths in finance, media, and commerce. It was classified as an 'Alpha World City' in the annual Cities Study Group's inventory, which means it plays an important role in international trade.



See the rest of the story at Business Insider

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