
As globalization continues to push once small cities into the world spotlight, new economic powerhouses and hubs have been created all over theworld. Based on the results of Mastercard's Emerging Market Index, these are the 10 cities around the world, in emerging markets, that are the most ascendant on the global commercial scene. Rankings are assessed on the basis of eight categories: the economic
and commercial environment, economic growth and development, the business environment, the financial service environment, commercial connectivity to world markets, education levels and IT connectivity, quality of life and risk and security. Rankings are explained in the story.
1. Shanghai, China
2. Beijing, China
3. Budapest, Hungary
4. Kuala Lumpur, Malaysia
5. Santiago, Chile
6. Guangzhou, China
7. Mexico City, Mexico
8. Warsaw, Poland
9. Bangkok, Thailand
10. Shenzhen, China
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