MasterCard to Unveil Groundbreaking Research on Global Commerce

    New Program Designed to Measure and Analyze Dynamics of Globalization

    TORONTO, June 11 /CNW/ - Recognizing a need for cutting-edge insights
into the evolving global marketplace, MasterCard Worldwide announced that it
will introduce the MasterCard Worldwide Centers of Commerce(TM) program, a
unique research effort to present bold new perspectives on the role cities
play in linking and enabling commerce around the world.
    The initial result of the research, to be released on June 12, is the
first annual MasterCard Worldwide Centers of Commerce Index(TM), a ranking and
analysis of the top 50 cities around the world that drive global commerce.
Using an innovative research model, the Index measures six different
dimensions for each city, going beyond traditional definitions of
international financial and business centers to define the true
characteristics of a Worldwide Center of Commerce.
    In the coming months, MasterCard will build upon this new research
platform by issuing additional reports focused on key regional commerce topics
and emerging markets.
    Leading the Worldwide Centers of Commerce program is Dr. Yuwa
Hedrick-Wong, Economic Advisor, MasterCard Worldwide. With more than 25 years
experience as an economist, business strategist and writer, Hedrick-Wong is
one of the foremost experts on Asian economic trends and has counseled senior
executives and board members at more than 50 global companies. To assist him
in this research, Hedrick-Wong assembled a panel of leading experts in
economics, urban development and social science from around the world,

    -   Professor Fan Gang, Director, National Economic Research Institute,

    -   Manu Bhaskaran, Partner/Head, Economic Research, Centennial Group,

    -   Dr. Michael Goldberg, Professor Emeritus, Sauder School of Business,
        University of British Columbia

    -   Professor William Lever, Emeritus Professor of Urban Studies,
        University of Glasgow

    -   Professor Maurice D. Levi, Sauder School of Business, University of
        British Columbia

    -   Dr. Anthony Pellegrini, Partner/Director of the Urban and
        Infrastructure Policy and Finance Practice, Centennial Group,
        Washington, DC

    -   Dr. Saskia Sassen, Ralph Lewis Professor of Sociology, University of
        Chicago and Centennial Visiting Professor, London School of Economics

    -   Professor Peter J. Taylor, Co-Director, Globalization and World
        Cities Research Group and Network, Loughborough University, UK

    Full details of the research will be available starting June 12 at The site will be regularly updated with new
research in the months that follow.

    About MasterCard Worldwide

    MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 16 billion transactions
each year, and provides industry-leading analysis and consulting services to
financial institution customers and merchants. Through its family of brands,
including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers
and businesses in more than 210 countries and territories. For more
information go to

For further information:

For further information: Don Blair, (416) 969-2726,

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