Transparency and Innovation

London leads the world on cultural experience, states a report this week by AT Kearney, but loses out to New York overall as the leading global cityHowever, for future outlook (measured on the factors of well-being, economics, innovation and governance) the list looks quite different from the current index. The outlook is topped by San Fransisco (currently 23rd), with other improving global cities including Boston (outlook #5, current #21), Melbourne (outlook #6, current #15) and Munich (outlook #7, current #36). Meanwhile, Tokyo, Hong Kong and LA are big fallers.  San Fransisco’s performance is largely driven by its capacity for innovation. Whereas London scores well for governance and particularly transparency, the challenge going forward is perhaps how we foster innovation, invention and scientific development.