This communication is marketing material. View the latest Global Cities Index and read and watch more from the Global Cities team.Its scale, GPD growth, the quality of universities, its cultural offering and very broad-based economy, make it one of those key cities that, despite all the political issues going on at the current time, we see it as key place for future investment. The reason for this is because it screens very well on a number of key metrics that we have in terms of how we rank cities. In the recent Schroders Global Cities Index update London came in very strongly, at number two. On the other side of the equation you have got cities out there that are in terminal decline as the industries have been depleted by the automation in manufacturing. What you’re looking for are the cities that are thriving because of transport, because of infrastructure, and because of all these policies that are in place. And they are very different to the post-industrial and the post-manufacturing cities. They are where the "gig" economy, or the knowledge economy, is currently living. Global Cities are important because the United Nations (UN) is predicting by 2035 that 70%, or 9 billion people, will live in cities.Ĭities are critical in terms of knowledge transfer.
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