This list is not a ranking of financial centres... did you even read the study before going on this asinine tangent?
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So what makes a Global City? Not size alone, that's for sure; many of the world's largest megalopolises, such as Karachi (60), Lagos (59), and Kolkata (63), barely make the list. Instead, the index aims to measure how much sway a city has over what happens beyond its own borders -- its influence on and integration with global markets, culture, and innovation. To create this year's rankings, we analyzed 65 cities with more than 1 million people across every region of the globe, using definitive sources to tally everything from a city's business activity, human capital, and information exchange to its cultural experience and political engagement.
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This is a ranking of global cities, not financial centres. Its a collaboration between teh school of policy and the school of global affairs. Do you really think more finance happens in Lagos? Karachi? Use your heads guys and do some research before posting.
bottom line, this list is a subjective list based on how much the authors think the cities interact with the world. many of the measures they use are not quantifiable and that is the reason you see so much backlash regarding "global city" rankings, be they a straight linear ranking or alpha, beta, gamma city ranking etc...