BizKnowledge Watch

Exxon Mobil has topped ‘The Forbes Global 2000” list of the biggest and most powerful companies worldwide. Their main contenders, occupying 2nd, 3rd and 4th place respectively, were JPMorgan Chase, General Electric and Royal Dutch Shell.

The ranking, spanning a total of 66 counties, shows that the corporate dominance of the developed nations is steadily receding. The US (524 members) and Japan (258 members) still dominate the list, but with a combined 14 fewer entries. The ranking is based on a composite ranking from four metrics: assets, sales, profits and market value.

For more information about the rankings, visit the Forbes website.

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Tokyo, New York and London (in that order) head The Atlantic’s list of the world’s 25 most economically powerful cities. Madrid placed 14th on the list. The list is part of The Atlantic’s new Cities page, which debuted today. It looks at issues facing urban areas around the world.

The Global Economic Power Index, developed by the Martin Prosperity Institute, reflects three key dimensions of economic power – economic, financial, and innovative. Economic Power is measured as economic output or gross regional product. Financial power is based on the Global Financial Centers Index, which ranks the banking and financial power of cities across the world, while innovation is based on patent activity.

For more information about the rankings click here.

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The McKinsey Global Institute (MGI) has published “Urban world: Mapping the Economic Power of Cities” a report which predicts the course of economic growth and demographic changes in 2,000 cities from 2007 to 2025.

More than 20 of the world’s top 50 cities ranked by GDP will be located in Asia by the year 2025, up from 8 in 2007. During that same time period, more than half of Europe’s top 50 cities are likely to drop off the list, as will three in North America. In this new landscape of urban economic power, Shanghai and Beijing will outrank Los Angeles and London, while Mumbai and Doha will surpass Munich and Denver.

You can view the complete report and related stories here.