Updated quarterly, the index tracks the performance of house prices across 150 cities worldwide. 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. Taking into account the cumulative effects of the pandemic and other influencing factors, we see the major topics of concern for city leaders now falling into five categories, all of which have added urgency and complexity to the task of formulating an effective response. As we have seen, the latest pandemic has triggered widespread changes in behavior and accelerated several pre-existing urban trends. While these reactions are extreme, so too are the impacts global cities have already witnessed. Among the top ten countries, there are five European countries. Berlin 16. First, they are deeply embedded in global networks, the significance of which we address in more detail in the next section. Shanghai and San Francisco also made significant jumps, thanks in part to their scores on entrepreneurship and innovation, which now incorporate a new metric of the number of unicorn companies in a city. Many cities are predicted to warm by approximately the same as the planet-average-warming by the end of the century—both in the low CO 2 emissions and the moderate CO 2 … While there are a variety of different networks in terms of primary objectives, they all aim to enable city leaders to coordinate on important topics and drive change in their local contexts. In fact, no fewer than 20 of the Sub-Saharan African countries are found at the bottom quartile of the index. The 2019 Global Cities Index shares incredible insight into trends shaping the world. In other instances, for example in Tokyo and Dubai, the major boosts expected from global events (the Summer 2020 Olympics and Expo 2020) never materialized. This time, London maintained its top ranking, but from there all bets were off. Combined with increases in GDP per capita, FDI inflows, and foreign investments, this took Abu Dhabi to seventh place overall, and Dubai from 32 to 18. However, their ability to do so is now in jeopardy. Across the GCI’s 29 metrics, 24 different cities ranked first. 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. Again and again, we redesign our cities when new threats reveal their vulnerabilities. The much more dynamic results of the GCO, in comparison to the GCI, reveal the fierce competition between global cities to advance their future prospects. Overall, the average brand value of the top 500 cities in 2020 is US$141.22 billion, which is a decrease of 2.35% from the 2019 average of US$144.62 billion. 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. Innovation is also fueled by this proximity, and the ways in which it facilitates flow and exchange of ideas and gives residents a wide array of opportunities for participation, engagement, and commerce. The Pritzker Forum on Global Cities is a platform for a yearlong series of conversations on the most pressing issues facing cities and urban life. CASS&UNHSP 2019. What’s more, the pandemic has made it abundantly clear that cities will continue to be on the front lines when large-scale disruptions strike, leaving city leaders to drive the local response—often with tight resource constraints and uncertain national support. 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. The United States and China lead with 65 and 39 cities, respectively. Munich, Germany. Cities must also remain accommodating and attractive places to live and work for potential residents from all backgrounds, which means preserving their distinct local character, and giving careful consideration to the physical layout, which we explore further in the next section. 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. “The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. 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. Two primary types of networks are most valuable for global city leaders. Of course, the urban impacts of COVID-19 go far beyond residents’ new behaviors and ways of working. China made significant improvements in its personal well-being, innovation, and governance scores, while the Middle East’s marked advance was led by the strong emphasis on national transformation and economic diversification in Gulf countries, as well as by continued strong performance in Israel. 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). The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. 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. 2020. In cities where tourism or cultural and performance events typically contribute to economic performance, this has proven particularly devastating. What will become of once vibrant city centers if they are no longer considered safe to host major cultural events or as centers of employment? Cities that saw a rise in their outlook performance mainly improved in the areas of innovation and economics, where long-term investments were beginning to show results. Beijing's rise suggests "the impact of combining stability and growth with aggressive investment in human capital," the report reads. Finally, we offer our perspective on three vital areas in which leaders must drive innovative progress. Global City Lab publishes its "Global Top 500 Cities" analytical report annually. Paris 04. Some of the fundamental factors that have historically enabled them to create value have been painfully disrupted, many of the connections between them are teetering on a knife’s edge, and the ways in which they use and allocate space require an urgent rethink. 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. 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. If jobs become less directly linked to cities, and increasingly move online or to the suburbs, will residents follow? New York City widened its lead over other cities on the Index slightly, receiving its highest score in human capital due to strong performance in number of international schools, international student population, and the new medical universities metric. 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. 10/15/2020. Sharing data can be even more powerful. New … The global top 500 cities are distributed across 125 countries, one more than last year. And what will be the extent of the economic “scar tissue” left behind? A.T. Kearney 2020. As a result, protecting cities’ global connectedness is vital if they are to combat their most significant challenges and create public value in a de-globalizing world. This enduring strength highlights the breadth of advantages needed to reach and stay at the top of the Index, and the self-reinforcing power of global city status. This analysis covers four dimensions—personal well-being, economics, innovation, and governance—which are key determinants of a city’s ability to attract talented human capital, generate economic growth, increase competitiveness, and ensure stability and security, respectively. City brands are also a symbol of national strength. Due to the impact of the pandemic, global economic development has almost stagnated or even receded. 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. 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. The ICLEI (Local Governments for Sustainability) is one such city network. Courses; APPLY TODAY! 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. The untethering of work from the office has led some to worry about the suburban sprawl that city planners have spent so long combatting. Los Angeles 08. Every few years, important global economic cities are ranked by the Globalization and World Rankings Research Institute.It is considered the leading institute ranking the world’s cities. The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. This is particularly true of cities in China and the Middle East, which are rapidly catching up with their European and North American peers. 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 landed number two globally and number one in the United States … GLOBAL CITIES FALL 2020 ONLINE. Shanghai 13. 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. Toronto jumped an impressive 9 places to the number 2 spot, driven by a large upswing in innovation and continued strong governance. For many of the rising cities, long-term investments in governance and economics have begun to pay off. While each city will necessarily adapt in its own way to cater for variations in geography, demography, and industrial strength—among other factors—we see the need for leaders to drive innovative progress in three vital areas: Cities play a central role in advancing human progress and accelerating economic growth. On the one hand, global cities are more exposed to current conditions because of their dependence on international flows and connections. London, while still in second place, has had a falling score on the Index since 2017. As we have established, international linkages are the lifeblood of global cities, constantly revitalizing and replenishing their resources. But what shape could Community Action Projects take when school buildings closed in March, 2020, and students began learning from their separate homes? 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. Given the openness to change that the current crisis has generated, there is now a rare chance to make the shift from fixing near-term problems to creating long-lasting public value. Knight Frank 2019. The COVID experience has also highlighted some of the deep-rooted inequalities in urban centers, pointing to how they must change. Japan ranks third with 27 cities. San Francisco and Boston, formerly two leading cities on the GCO, both lost ground, going from 3 to 11 and 7 to 15 respectively. What does the future of consumer spending look like if cities are drained of international visitors and daily foot traffic? 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. 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). However, it seems that the idea of moving to the suburbs is already souring. 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. Moreover, Paris and Sydney also have brand values surpassing US$1 trillion. 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 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. 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. Though the sharp drop-off in economic activity predicted after the Brexit vote has yet to materialize, so too have any new rules surrounding trade, which will not become clear until at least the end of this year. Investments in education and the city’s rising status as a cultural center also led to a large jump in the human capital dimension. Chicago 09. By sharing data and giving one another’s cargo shipments priority between Europe and parts of the US, these major coordination hubs aim to improve supply chain operations and efficiency, and gain further economic advantage. A recent survey from Gartner reports that 82 percent of company leaders intend to permit remote working of some kind as employees return to work, and nearly half (47 percent) will allow it full time. 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. For example, although the Black Death killed some 40 percent of Europe’s population, cities had, on average, returned to previous population levels within around 200 years. The former is intended to be a snapshot of where things stand today and the latter is intended to be a forecast of where things might be heading. Recognizing COVID-19 as a definitive turning point, we also outline its impact on global cities and the radically altered future they now face. In particular, they must drive progress in the following three key areas: For each of these areas, we outline specific priorities for action by which city leaders can drive immediate recovery in ways that will enable inclusive, long-term progress. New York 02. Brussels 15. North America ranks third, with 93 cities on the list. The crisis has disrupted the entire operating environment to a degree that was previously unimaginable, and its impact has been particularly severe in our largest urban centers, calling into question their current and future status. London 03. Schroder 2020. Melbourne 19. What will happen in the aftermath of Prime Minister Shinzo Abe’s exit from government remains to be seen. The report declares New York to … 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. As usual, we present the Global Cities Index (GCI) and Global Cities Outlook (GCO), which together provide a comprehensive analysis of cities’ positions and prospects. More recently, the SARS pandemic spurred Singapore and Seoul to invest in digital contact tracing systems, which have been used again to great effect in combating the spread of COVID-19. 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. Vision | Mission Why Global Ed Who We Are Global Scholars. 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. 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. The Global Power City Index YEARBOOK 2020 is a full report of the GPCI-2020, providing a detailed account of its methodology and results. San Francisco 14. 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. However, they have to be carefully considered in the context of broader economic strategies. 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. 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. 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. Global cities generate unique value thanks to three fundamental attributes. It also affects the potential for future development of the city because it determines the flow of capital, information, goods, and talent to the city. By Kearney’s 2020 Global Cities Report - top 20 01. 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. 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%. For global cities, the current crisis and emerging future demand significant adaptive change. At the same time, the pandemic has also tested the governance capabilities of city governments. Global Residential Cities Index - Q1 2020 The Global Residential Cities Index tracks mainstream residential prices on a city-by-city basis. 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. 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. 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. https://www.kearney.com/global-cities/2020 By Kearney’s 2020 Global Cities Report - top 20 01. From a deadly pandemic to a global movement for racial justice, the year 2020 certainly experienced its fair share of world-shifting events. 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. The two countries accounted for 20% of the cities on the list. The World Cities Report 2020 shows that the intrinsic value of sustainable urbanization can and should be harnessed for the wellbeing of all. With city rankings not yet incorporating the observed effects of the crisis—or the measures taken in response to it—this year’s report gives city leaders a reference point for assessing where they have come from as they prepare for a very different future. People are spending more time online than ever, and remote working looks set to stay. It also shows that for those cities able to do so, global status has so far been self-reinforcing. Washington, D.C. 11. A striking feature of globalization is the constant concentration of capital and knowledge in brand-cohesive cities. 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