11/16/2023 0 Comments American global cities![]() ![]() Global Giants: These are the world’ s leading economic and financial centers, its foremost global cities.Grouped into seven metropolitan clusters, the distinct competitive positions of the world’ s largest metro economies become sharper, as do the peers metropolitan areas can look to for common solutions and investments to enhance economic growth. The typology reveals that, indeed, there is no one way to be a global city. It introduces a new typology that builds from a first-of-its-kind database of dozens of indicators, standardized across the world’ s 123 largest metro economies, to examine global city economic characteristics, industrial structure, and key competitiveness factors: tradable clusters, innovation, talent, and infrastructure connectivity. In view of these trends and challenges, this report redefines global cities. ![]() And as the global economy continues to suffer from what the IMF terms “too slow growth for too long,’ efforts to understand and enhance cities’ contributions to growth and prosperity become even more important. Today, members of a vast and complex network of cities participate in international flows of goods, services, people, capital, and ideas, and thus make distinctive contributions to global growth and opportunity. No longer is the global economy driven by a select few major financial centers like New York, London, and Tokyo. Through this typology, this report aims to provide a valuable lens through which to understand the evolving global economy.Īs societies and economies around the world have urbanized, they have upended the classic notion of a global city. A new report by the Brookings Institution’ s Metropolitan Policy Program provides detailed data on the 123 largest global cities based on their metro economies and uses these data to create a new typology of the seven types of global cities.
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