10 Paris
TOP 10
As Australia looks to keep pace with the world ’ s leaders , business expansion and relocation is an option top-level executives must consider . But the bigger question is where to move ?
A survey by the United States ’ Boston Consulting Group ( BCG ) predicts the Asia-Pacific region will pass North America as the wealthiest region in the world by 2016 , mostly due to fast growth and strong market performance . This is the first time in the survey ’ s 15-year history that the Asia-Pacific region — excluding Japan — has overtaken Europe in terms of wealth .
Without even including Japan , the Asia-Pacific increased its wealth to $ 47.3 trillion in 2014 , which is an increase of 29.4 per cent from the previous year . China and India led the way for the region , which is projected to provide half of the global wealth until 2019 .
North America continues to thrive at a consistent pace as well , however , as it ’ s still the largest and most developed wealth market in the world . Meanwhile , Europe is third on the list mostly due to the wealth of Western European nations , but the continent ’ s anticipated 4.3 per cent increase over the next four years won ’ t keep pace with the Asia-Pacific ’ s expected 9.7 per cent increase .
So factoring in location , the rise of the Asia-Pacific market , the prosperity of North America and Australia ’ s strong bond with other regions around the world , here are the top 10 most lucrative cities for Australians to do business .
10 Paris
Home to the world headquarters of 29 Fortune Global 500 companies , Paris has been shifting gradually toward more high-tech
Paris
38 A ugust 2015