The pace and scale of change in today’s globalised, digitised economy is leading to an unprecedented transformation of our cities. As technology-enabled platforms lower barriers to entry and ensure that demand for talent and innovation becomes increasingly global, cities are needing to adapt and build environments that foster innovation ecosystems, talent and connectivity in order to maintain their competitiveness and gain the benefits of this rapid shift. JLL’s City Momentum Index (CMI), now in its fifth year, tracks a broad range of factors to identify those cities which possess the attributes for success over the short and long term. The Index covers 131 major established and emerging business hubs across the globe, measuring each city’s short-term socio-economic and commercial real estate momentum, together with its ‘future-proofing’ capacity – the ability to maintain this momentum over the longer term. The 2018 CMI focuses for the first time on those cities which have the qualities necessary to manage and benefit from this rapid technological shift in the global economy and assesses their future-proofing potential – potential founded in factors such as innovation capability, talent and world-class higher education; high levels of technology start-ups and scale-ups; patent applications; public infrastructure; and the quality of the environment. While some of the world’s largest and most globally-connected cities feature in this list – like New York, London, Paris and Tokyo – smaller metro areas able to leverage their strengths in education, liveability and sustainability such as Silicon Valley, Melbourne and Stockholm also perform strongly.
This article is culled from daily press coverage from around the world. It is posted on the Urban Gateway by way of keeping all users informed about matters of interest. The opinion expressed in this article is that of the author and in no way reflects the opinion of UN-Habitat.