World's Top 10 Financial Hubs For 2014


4. Singapore

Global Financial Centers Index Rating# 751

Singapore is known to be a highly developed trade-oriented market economy. Singapore's economy is known to be the most open economy in the world with least corruption and more of pro-business, that too with low tax rates.  It has the third highest per-capita GDP in the world in terms of Purchasing Power Parity. Singapore’s economy is strongly backed up by the government-linked companies which are owned through the sovereign wealth fund Temasek Holdings. The economy of Singapore is a major Foreign Direct Investment outflow financier in the world. Many of the global investors and institutions are benefited by Singapore’s economy mainly due to its highly attractive investment climate and a stable political environment.

5. Zurich

Global Financial Centers Index Rating# 730

In Europe, Zurich is considered as one the most important financial centers. The finance sector of this city generates around a third of the wealth and almost a quarter of the jobs in the city. The basis of Zurich’s economy consists of various innovative businesses and industries, which include both small and large. Two sectors that are inspiring the medical tech sector are the biotechnology and life sciences. The combination of old and new is creating excellent results in the life sciences sector, while niche markets such as the automotive supplier industry and aerospace as well as the rapidly expanding creative economy of the country.

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