global cities 2020

If jobs become less directly linked to cities, and increasingly move online or to the suburbs, will residents follow? As a new city think tank, the mission of Global City Lab is to provide comprehensive, expert networking services, especially industry-wide and cross-sector assistance, covering topics from urban planning, housing, environment, finance and branding to public policy, cities, enterprises, and non-profit organizations around the world. With strategic investment of capital and political will in key areas, progress could be accelerated in a way that has not been seen before, by binding urban planning more closely with economic and social needs, and long-term trends such as climate change. There’s no denying that many cities are much quieter places than before. It also shows that for those cities able to do so, global status has so far been self-reinforcing. Madrid 17. As cities become smarter and more digitally enabled, they will be even better equipped to find global solutions that can be applied in their own areas. There are 19 cities whose brand values range between 500 billion and 1 trillion dollars and 161 cities whose brand values range between 100 and 500 billion dollars. It seems that, despite government efforts, the economic benefits of the region’s stunning pace of urbanization have yet to be well distributed. If multilateral cooperation continues to deteriorate, the very connections global cities rely on, which are central to economic performance and the ability to respond in times of crisis, will be increasingly threatened. Seizing this opportunity won’t be easy, or a short-term affair. Students will examine London’s changing identity as a world city with a particular emphasis on comparing the city's imperial, postcolonial, and transatlantic connections, and the ways in which past and present, local and global intertwine in the capital. Knight Frank 2019. The report declares New York to … Tokyo 05. At the same time, the pandemic has also tested the governance capabilities of city governments. Chicago 09. The consistency of these results highlights the wide range of positive attributes a city must have to reach the top of the Index, and the difficulty of building such a broad platform of strengths. GRCN is a city-led initiative that will drive urban resilience to protect vulnerable communities from climate change and other physical, social and economic urban adversities and challenges. In some cases, these will look and feel different, at least in the near term, having been altered to fit a new physically distant reality. The proposals outlined in this report are intended to help city leaders take the concrete, practical action needed to create what is next for their cities and define what a global city now looks like. This website uses cookies to ensure you get the best experience on our website.To learn more, read our privacy policy. However, the control measures that have been undertaken by different regions are different. Meanwhile, São Paulo grew by more than 2 million, and Mexico City gained just over 1.6 million people. Again and again, we redesign our cities when new threats reveal their vulnerabilities. We look forward to seeing how they rise to the challenge, and what next year’s Global Cities Report will bring. This enables city leaders to help garner global-level resources for challenges of a global scale that are experienced at a local level—from pandemic outbreaks to extreme weather events. Paris 04. Arrangements such as these open up partner cities as gateways for foreign investment, supporting key local industries and workers, and boost their standing in global markets and industry value chains. The global smart cities market expected to bolster the market growth with 18% CAGR in the forecast period from 2020-2027. October 27, 2020 – The Community Action Project is a capstone of the Global Scholars program year, allowing students ages 10-13 to apply new skills and knowledge to helping their cities address a global challenge. But if we can be certain of anything, it’s that cities will adapt and evolve, and that they have the potential to come back stronger. A major shift at the top of the rankings, however, was Beijing unseating Hong Kong from its long-held top five position, which could prove to be a sign of further changes to come. Investments in education and the city’s rising status as a cultural center also led to a large jump in the human capital dimension. However, city leaders must act quickly as the window of opportunity is narrow. Your Top 20 global cities of 2020, projected: New York London Shanghai Beijing Hong Kong Singapore Mumbai Tokyo Paris Moscow Dubai Sao Paulo Zurich Geneva Washington D.C. Berlin Sydney Los Angeles Seoul San Francisco Depending on where you are in the world, we’re now anywhere from six months to almost a year into the COVID-19 pandemic, and the cities included in the 2020 GCI and GCO are at various stages of response and recovery. This year’s GCO paints a more dynamic picture (see figure 2). However, their ability to do so is now in jeopardy. Another Japanese city, Osaka, also has a very large population of almost 20.5 million. Third, they hold a level of global influence that enables citizens and businesses to make an impact far beyond the city itself. From the perspective of brand value, the average brand value of European and North American cities fell by 6.69% and 5.57%, respectively, which is much higher than that of other continents and the global average of 4.70%. Today, as deglobalization takes a deeper hold, the value of their far-reaching connections and resources is actually likely to increase as these links become more scarce. From a deadly pandemic to a global movement for racial justice, the year 2020 certainly experienced its fair share of world-shifting events. What is already abundantly clear in the emerging reality is that previous status will not be enough to secure continued global prominence. It ranked second in the business activity dimension, partly thanks to a number 2 spot on the new unicorn companies metric. As the pandemic heads toward its first anniversary, we also identify the major impacts we have observed on global cities so far and outline a series of trends and challenges that decision-makers will have to grapple with in response. The net effect of these structural shifts, with the pandemic acting as an accelerant, is a new level of pressure on cities to evolve rapidly, or risk losing relevance on the world stage. What will happen in the aftermath of Prime Minister Shinzo Abe’s exit from government remains to be seen. Of course, the urban impacts of COVID-19 go far beyond residents’ new behaviors and ways of working. The world according to GaWC is a city-centred world of flows in contrast to the more familiar state-centred world of boundaries. The most recent rankings include 151 cities across all continents, compared to 130 in 2019, reflecting the increasing importance of emerging geographies such as the Middle East, China, and Central Asia. It calculates the brand value of major cities in various countries using the six dimensions of economic growth, culture, governance, environment, talent, and reputation. While Beijing’s strong economic growth and human capital investments paid off, the political chaos in Hong Kong undoubtedly dampened its performance across all dimensions, with significant drops in business activity, information exchange, and cultural experience. London 03. The Report provides evidence and policy analysis of the value of urbanization from an economic, social and environmental perspective, including the unquantifiable value that gives cities their unique character; and also explores the role of innovation and technology, local … Shanghai 13. London's brand value has dropped 8.16% this year, ranking third with a brand value of US$1.85 trillion. San Francisco 14. London has once again been declared the smartest city in the world, according to the seventh edition of the IESE Cities in Motion Index 2020. And as millions have abandoned shared working spaces for their living and dining rooms, the future of the office has become increasingly unclear. Go Beyond! Japan ranks third with 27 cities. NEW YORK, Dec. 28, 2020 /PRNewswire/ -- What effect has the global COVID-19 had on the brand value of the world's greatest cities? Based on data captured largely before the virus struck, this year’s GCI and GCO paint a picture of where cities stood and where they were headed in a recent—but very different—past. The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. Incorporating the Global Cities Index (GCI) and Global Cities Outlook (GCO), this year’s results reveal intensifying competition for global status and future prospects in an increasingly fragmented and volatile environment. To the extent that these benefits outweigh the costs of city living—such as higher rents, congestion, and other inconveniences—cities create value in ways that can’t be recreated elsewhere. New York landed number two globally and number one in the United States … Others who gained ground include Chicago, thanks to increased private investments and university-sponsored incubators; Madrid, which jumped 14 places with improved scores in patents and FDI inflows; and Shenzhen, where patents and university-sponsored incubators also saw an uptick. Analysis from the New York Times found that roughly 5 percent of the city’s residents (mostly those in wealthy neighborhoods) left it in the early months of the emergency, while cell phone data from the Paris metro area shows the population shrank by nearly 20 percent. Tokyo has surpassed London to rank second with a brand value of US$1.88 trillion. Finally, many modern threats including COVID-19, climate change, and mass migration have a universal reach, but impact different locations in different ways, and at different times. This will require a deeper focus on creating public value—that is, value centered on the common good. While Tokyo only gained 559,000 people between 2010 and 2020, Delhi gained over 8 million people in the same time frame. As we have seen, the latest pandemic has triggered widespread changes in behavior and accelerated several pre-existing urban trends. Across the GCI’s 29 metrics, 24 different cities ranked first. Instead, city leaders will need to make strategic choices and investments, which are likely to look very different from years past, if they are to emerge stronger and more resilient. Global City Lab is the world's first professional organization engaged in city brand value evaluation. Among the top ten countries, there are five European countries. Berlin 16. The untethering of work from the office has led some to worry about the suburban sprawl that city planners have spent so long combatting. Abu Dhabi and Dubai topped the economics metric in infrastructure, thanks to their openness to the private sector and robust engagement in public–private partnerships. Finally, Beijing’s new position reflects higher scores across most metrics. Overall, cities in North America and Europe have not yet recovered from the impact of the pandemic. For example, during the economic recovery from Europe’s Black Death, cities with better land and “trade potential” were able to become even more productive. Partnership candidates must be rigorously analyzed for compatibility to make sure both parties benefit, any agreements and economic allowances must comply with national regulations, and once established, partnerships need continuous monitoring to make certain economic goals are met. The ICLEI (Local Governments for Sustainability) is one such city network. This course will introduce the impact of globalization on London, one of the world's most significant global cities, in comparative context. A first requirement is ensuring the continuity of the existing international networks and flows from which cities benefit, including the passage of goods, ideas, and people. When typing in this field, a list of search results will appear and be automatically updated as you type. It’s perhaps no surprise that these shifts occurred in parallel with the US’s withdrawal from international agreements such as the Paris Climate Accord and Trans-Pacific Partnership (TPP), indicating that American city leaders will face heightened challenges as they seek to reap the benefits of international flows of individuals, goods, and capital. These characteristics now represent a double-edged sword. The GCI assesses how globally engaged cities are across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement. Washington, D.C. 11. Seoul 18. The United Kingdom, India, and Germany tied for fourth place this year, with 24 listed cities. In doing so, leaders have the opportunity to reverse trends that have undermined the stability, equity, and value creation possibilities of cities for decades. Among them, the United States ranks first with 65 cities, and China ranks second with 39 cities. In turn, house prices have been affected: according to the housing website Zillow, listings in Manhattan have dropped by 4.2 percent compared with 2019, while in San Francisco prices are down 4.9 percent. Major events and disruptions have a habit of leaving their mark on our physical environment, and cities are no exception: New York City’s Central Park was designed to serve as “urban lungs” after it was ravaged by disease in the early 1800s, while the later introduction of London’s innovative sewage drainage and water purification systems came courtesy of a cholera outbreak. The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. The European Virus Archive enabled scientists to quickly identify the coronavirus as one of the SARS family and develop a way to detect it in patient samples. Toronto jumped an impressive 9 places to the number 2 spot, driven by a large upswing in innovation and continued strong governance. Global Smart Cities-2020 which will focus on the various aspects of a smart city including urban development, surveillance, power, energy, transport, technology, smart building, smart grid, smart health, network & communication technology. The threshold for the 2020 Global Top 500 Cities list is 18.51 billion dollars, which is a slight decline compared to 19.22 billion dollars in 2019. 1 New York: 2 2 1 1 3 2 1 1 4 2 London: 1 1 2 3 1 3 2 2 3 3 Tokyo: 9 3 4 2 2 1 6 13 27 4 Hong Kong: 3 9 6 10 7 13 13 4 2 5 Paris: 8 4 3 4 6 4 21 3 15 6 Singapore: 4 5 9 6 4 18 3 7 12 7 Los Angeles: 11 12 7 7 17 They also live in more cramped conditions than wealthier residents, and are more likely to suffer from chronic health conditions related to lack of access to clean water or poor air quality. It and other networks like it have access to decision-makers at a range of international authorities and organizations such as the United Nations, giving cities a voice they would otherwise lack at a global level. The choices cities make today will shape their trajectories for decades to come—and there’s limited time to deliberate over the right course of action. To discover this, an analytical report of the Global Top 500 Cities was compiled by Global City Lab and released on Dec. 28, 2020 in New York. In particular, the top three cities on the Index overall stood out across metrics, with London achieving the highest rating across four, while New York and Paris each landed at the top in three (see figure 4). However, it seems that the idea of moving to the suburbs is already souring. The two countries accounted for 20% of the cities on the list. The crisis has fueled a number of trends already creating tremendous strain on cities, from growing fiscal pressure and economic inequality to the effects of increasing deglobalization and environmental disruption. New York 02. Hong Kong is still the only Chinese city in the top ten, dropping one place to the tenth position with a brand value of US$7.74 trillion. With the fabric of cities having unraveled so decidedly during the crisis, and unlikely to resume its former shape, leaders now have a compelling reason and unique opportunity to transform the urban environment into something more sustainable, more resilient, and more equal. While the steep decline of individual cities indicates that no urban center should consider itself immune to these threats, the steady historic increase in urbanization is evidence of their irreplaceable value. Global Cities, Inc., a Program of Bloomberg Philanthropies, is a nonprofit dedicated to connecting cities around the world and developing global competence among the next generation through its Global Scholars digital exchange program, which in 2019-20 connected 17,000 students in 53 cities. City brands are also a symbol of national strength. Beijing's rise suggests "the impact of combining stability and growth with aggressive investment in human capital," the report reads. While these developments pose significant challenges in their own right, they are by no means the only forces of change facing city leaders, as we will now explore. A striking feature of globalization is the constant concentration of capital and knowledge in brand-cohesive cities. Even in a year marked by relatively low levels of business activity, New York City’s momentum across all metrics enabled the city to maintain its number 1 position. To make progress in this area, city leaders should focus on: Becoming more deeply embedded in global city networks is perhaps the most practical and pragmatic way for cities to maintain essential global links. This region has the weakest average performance in the GTCI 2020. Though several US cities were prominent in the GCI, the GCO suggests that their outlook is uncertain, with most experiencing a drop across the dimensions related to personal well-being, economics, and governance. Learn more from this report put together by Kearney experts. For this reason, our 2020 report is a departure from the norm. In cities where tourism or cultural and performance events typically contribute to economic performance, this has proven particularly devastating. As they have begun to emerge from the depths of the crisis, the future of cities has become the subject of intense debate. In cities, human and financial capital are concentrated, infrastructure is readily accessible, and deep specialization is possible, all of which enhance productivity. Finally, we offer our perspective on three vital areas in which leaders must drive innovative progress. At the core of their power are the benefits that emerge from clustering diverse groups of individuals, organizations, and resources—also known as economies of agglomeration. New York City dropped out of the top 25, Washington D.C. and Houston fell from the top 30, and Los Angeles, Philadelphia, and Miami exited the top 50. A city's brand represents the comprehensive strength of the city. Kearney: 2020 Global Cities Index – New priorities for a new world, Abu Dhabi and Dubai topped the economics metric in infrastructure, the pandemic is “killing the attraction of megacities” and that they are “losing their allure,”, the city can survive as a primary locus of economic and social activity, left it in the early months of the emergency, the population shrank by nearly 20 percent, total global passenger numbers will be down 55 percent, returned to previous population levels within around 200 years, Innovation is also fueled by this proximity, cities with better land and “trade potential”, opportunities to fulfill this vital function, reduces confidence in political institutions, the world has been on a path of “slowbalization,”, established a COVID-19 recovery task force, partnerships based on economic well-being, By sharing data and giving one another’s cargo shipments priority, lack of access to clean water or poor air quality, mixed-use zoning and development has guided the city’s development, research from University of Aarhus in Denmark, Tokens Rising: VISA continues to expand tokenization service, Payments ‘Dream Team’ to enable Klarna’s “buy now, pay later” at AliExpress. To remain relevant and competitive, global cities must not only renew but expand upon their unique value propositions—or their specific offering that attracts residents and businesses. The global top 500 cities are distributed across 125 countries, one more than last year. The city is no longer a separate economy, but a body of interest closely linked to the development and management of the surrounding areas and the world. The number of medical universities: As COVID-19 has shown, the well-being of residents, and access to cutting-edge medical knowledge and technologies, can make or break a city. Coming in third place in Monocle’s survey and fourth in Mercer’s ranking, Munich … The Sydney Experience; What’s Included? Yet since 2008, the world has been on a path of “slowbalization,” with international trade on the retreat for the first time since World War II. This is particularly true for global cities. City leaders have recognized the importance of building a competitive international brand for a city. From a regional perspective, the 500 cities on the list are distributed across six continents, among which Europe, Asia, and North America account for more than 80%. What does the future of consumer spending look like if cities are drained of international visitors and daily foot traffic? This online study abroad program gives insight into the significant ways in which global cities have been imagined, invented, and transformed by globalization. New Global Cities Report 11/17/2020 Global Cities Press Release 11/17/2020 CNN Op-Ed 7/13/2020 Past Press Releases Blog & Publications Video Library Global Cities. Ten cities took the lead across the GCO’s 13 metrics, but this year new leaders emerged in each dimension, illustrating the sheer effort and determination across the globe and in cities at all stages of development as they attempted to improve their standing (see figure 7). table-1-the-top-10-of-the-2020.png Table 1: The Top 10 of the "2020 Global Top 500 Cities" (Billion USD), table-2-top-10-countries-with-the.png Table 2: Top 10 Countries with the Most Cities Selected(Billion USD), Cision Distribution 888-776-0942 Having determined the year’s global leaders in the GCI, the GCO identifies cities on the rise—those creating the right conditions for future global status (see figure 5). 10/15/2020. Munich, Germany. Tokyo’s consistently high scores in personal well-being took it up 2 places to number 4, and Abu Dhabi jumped 13 places to number 7, driven by long-term investments in economic performance and diversification. Sharing data can be even more powerful. Although the land of cities cannot be moved, the talent, capital, and enterprises that make up the vitality of cities change every day, which makes the competition among cities on a global scale increasingly fierce. Updated quarterly, the index tracks the performance of house prices across 150 cities worldwide. Paris’s consistent performance in information exchange (in which it leads the ranking), cultural experience, and political engagement ensured the city’s solid hold on the number 3 position this year. Moreover, Paris and Sydney also have brand values surpassing US$1 trillion.

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