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. There is a growing movement of local and regional governments advancing the localization of the global agendas to harness the value of sustainable urbanization. We are now in the midst of a global pandemic with strict travel restrictions in place and the global economy is forecast to shrink by 3% in 2020 according to the IMF. Knight Frank's Global Residential Cities Index tracks the movement in average prices across 150 cities worldwide. On the one hand, the world is entering For more information on the Philanthropies, please visit bloomberg.org or follow us on Facebook and Twitter @BloombergDotOrg. The organization focuses on five key areas for creating lasting change: Public Health, Environment, Education, Government Innovation and the Arts. for more inclusive decision-making. Cities are also institutionalizing their engagement with local stakeholders as the basis I second that emotion: KCI quarterly briefing, Q4 2020. The very dense interaction networks of people, which are the factor behind cities’ potential as economic growth accelerators, also carry embedded risks, as evidenced by the COVID-19 pandemic. Cities should undertake periodic audits and map their efforts onto the transformative commitments of the New Urban Agenda, SDG 11 and the urban dimensions of the other SDGs. 2. The economic value of urbanization will provide the basis by which countries can contribute to achieving the SDGs and New Urban Agenda, as well as recovering from the global recession induced by COVID-19. The right to the city, which underpins the social value of urbanization, means that all people, especially vulnerable groups should have equal opportunities and access to urban resources, services and goods. 1. Year-ahead predictions 2021. ... far lower than cities in the global south," according to the report… Article. and the New Urban Agenda is key to enhancing the value of sustainable urbanization. 2. Nature-based solutions represent an integrated approach to deliver environmental value across the urban-rural continuum. It is designed to track the way cities maneuver as their populations grow and the world continues to shrink. Cities can enhance their productive capacities by reforming legal and regulatory frameworks and adopting measures that provide greater security to workers, particularly those in the informal economy. GFI City Rankings 2020. By 2045, this figure is estimated to increase by 1.5 times, to more than six billion. Sustainability policies to unlock the environmental value of urbanization depends on the ability of different actors to tailor options to the context in which they operate as well as incorporate the principles of justice. These include insufficient and unpredictable transfers from central government, weak fiscal management, poor revenue generation and legal constraints. Collaboration and cooperation across scales is central to enhancing the value of sustainable urbanization. Article. Significant investments are required to enhance the economic, environmental, social value of urbanization, including the intangible conditions of cities, all of which are critical for to realizing sustainable urbanization. Local governments are the prime movers of sustainable urbanization. 5. While environmental and conservation projects are adding value to the urban environment, some are having unintended impacts particularly on marginalized groups who are being pushed out by the changing conditions for The New Urban Agenda as a means of achieving SDG 11 offers a framework for unlocking the value of urbanization. 8. Technology cannot displace citizen engagement in community and city affairs. The opportunities offered by cities lend a social value to urbanization. Cities are categorized as Alpha, Beta or Gamma cities based on their connectivity to the rest of the world. New technologies and innovation provide opportunities for cities to meet the SDGs and generate immense value from the process of urbanization. Problems of digital exclusion in access to the benefits of new technologies persist, potentially deepening inequalities. futures for children and youth, offer comforts and supports to older persons in their golden years and welcome migrants looking for a better life. 4. Urban areas are already home to 55 per cent of the world’s population, and that figure is expected to grow to 68 per cent by 2050. new report: far from remote. See our new report, Far From Remote, with analysis of survey data from more than 8,500 students in 47 cities around the world. The index's annual rate of growth increased by 4.7% in the year to Q3 2020… The informal economy is the lifeblood of many cities in developing countries. Our rapidly urbanizing world must respond effectively 2. There should be a sense of urgency and a long-term commitment to implement the New Urban Agenda as the basis for achieving sustainable urbanization. The 2020 Global Cities Report provides a snapshot of where cities stood as they entered the COVID-19 crisis. 1. View All 66 Images. Cities must work to promote effective policies to protect citizen data and empower citizens to understand how to protect their personal data. Institutions for public investment management should be strengthened to achieve desired outcomes while maintaining quality and efficiency in spending on the city’s physical assets. From Citi Private Bank's 2011 Wealth Report: predicting the top 20 global cities of 2020. The value of sustainable urbanization is the totality of a city’s economic, environmental, social and intangible conditions that have the potential to improve the quality of life of residents in meaningful, visible New York landed number two globally and number one in the United … information, technology and innovation— will harness value of sustainable urbanization in all its dimensions. When well-planned and managed, cities create value, which is the totality of the economic, social, environmental and intangible conditions (institutional, governance, political, cultural and civic perception) outcomes that and the quality of existing urban assets. If integrated through inclusive policies, migrants will not only ease skill shortages, but will contribute to the social, economic cultural enrichment of their host communities. Implementing the 2030 Agenda and the New Urban Agenda is key to enhancing the environmental value of urbanization. have the potential to improve quality of life of residents in meaningful and tangible ways. Just like last year, three cities share the top spot as the world’s most expensive city to live in. The tourism, real estate, and economic development advisor, based out of Vancouver and New York, releases the ranking annually. When cities are well-planned and managed, they can lift families out of poverty, liberate women from gender-based discrimination, point to bright 2. Read More. Adequate measures to facilitate the transition of workers and economic units from the informal to formal economy are fundamental to achieving sustainable and inclusive urban development in developing countries. Development, the New Urban Agenda, the Paris Agreement and the Sendai Framework for Disaster Risk Reduction are embedded in this urban optimism. 7. With over 90 per cent of confirmed cases coming from urban areas, cities remain 3. The United Nations 2030 Agenda for Sustainable Development – which includes the 17 Sustainable Development Goals (SDGs) – has underlined social, economic and political inclusion as essential to sustainable global progress.. All 193 UN Member States have committed to the agenda, with governments, businesses and civil societies worldwide working towards a more … Cushman & Wakefield Releases 2019 Corporate Social Responsibility Report 7/15/2020 Cushman & Wakefield and Placer.AI Partner to Deliver Retail Analytics The Global Cities index and outlook reveal the world’s top-performing cities and those with the most potential. Technology is most effective when coupled with institutional innovation and is not a substitute for improving governance. Any urbanization process that does not actively address institutionalized obstacles to full representation, recognition and redistribution is inequitable and therefore undermines the value of urbanization. (SDGs) for accelerating sustainable solutions to the world’s biggest challenges—ranging from poverty and gender-based discrimination to climate change, inequality and closing the finance gap. 1. The great shakeout: Global trends 2020–2025. Follow us on Facebook and Twitter @GlobalCitiesOrg. 1. Urban and territorial planning supported by adequate governance structures will enhance the economic value of urbanization. Cultural diversity contributes to the social, economic and environmental value of urbanization through tolerance, integration, and coming together in public spaces. Learn more. In fact, no fewer than 20 of the Sub-Saharan African countries are found at the bottom quartile of the index. 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 what’s new. During the same time, the number of so-called mega cities– cities that have more th… The effective implementation of the New Urban Agenda through supportive urban governance structures, urban and territorial planning, and effective means of implementation—adequate financing, capacity development, of the global development agendas and effectively unleashing the value of sustainable urbanization thus depends on the democratic, efficient and inclusive functioning of this level of urban governance. habitation such as the appreciation of property values and rental costs. 230 cities across 65 countries. Global Urban Competitiveness Report(2019-2020) Introduction of GUCR About the Authors The Global Urban Competitiveness Report （GUCR） is a cooperative research conducted by the Chinese Academy of Social Sciences (CASS) and UN-Habitat focusing on sustainable urban competitiveness, urban land and urban finance. 6. 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. With over 90 per cent of confirmed cases coming from urban areas, cities have borne the brunt of COVID-19. Sweeping investment in clean technologies such as renewable energy are among the most cost-effective way to boost economies hit by COVID-19 while reducing emissions. Well-planned and managed urban growth improves the economy across a range of scales (local, regional and national) through employment creation, contribution to GDP and FDI attraction among others. Email me the full report. The C40 report calculates that taken together the cities’ plans will prevent at least 1.9 gigatonnes of greenhouse gas emissions being released into the atmosphere between 2020 … 3. The New Urban Agenda and the 2030 Agenda for Sustainable Development were adopted in times of profound global challenges, many of which have been exacerbated by the coronavirus pandemic. DUBLIN--(BUSINESS WIRE)--Jan 19, 2021--The "Cartridge Seals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.Amid the COVID-19 crisis, the global market for Cartridge Seals estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020 … There were 371 cities with more than one million inhabitants at the turn of the century in 2000. Our 2019 Report was the first ever to rank more than 100 countries and 1000 cities around the world. of people connected by mobile devices, with unprecedented processing power, storage capacity and access to knowledge. 4. the SDGs and as the world recovers from the COVID-19 pandemic. Just like all aspects of development, sustainable urbanization requires adequate financing. Galvanize the forces of localization of the 2030 Agenda and the New Urban Agenda in cities and territories by mainstreaming localization strategies in all plans, programmes and budgets from national to local The latest index results cover the year to the end of March 2020. 10. Cities do not merely symbolize the dreams, aspirations and hopes of individuals and communities, they are the primary catalysts or drivers of economic development and prosperity across the world. Yet, informal sector enterprises generally fly under the radar of public policy interventions. Is this the new normal or just a passing phase? An intersectional approach is thus key to understanding the needs and concerns of different groups. The COVID-19 pandemic is eroding the social value of urbanization by exacerbating inequality, further marginalizing vulnerable groups and pulling more people into poverty worldwide. Sustainable urbanization generates economic, environmental, social and intangible value that can be harnessed for the wellbeing of all. November 17, 2020 - Evidence from survey research shows that kids can learn in digital classrooms. Cities are increasingly integrating the SDGs in their policies and strategic plans, which in turn enhances the value of urbanization. A system that leaves one no and no place behind and creates equal opportunities for all recognizes that economic growth alone will not reduce inequality and poverty. The city profiles analyze each of the 48 target cities of the GPCI and illustrate the city’s strengths and weaknesses in reference to the score and ranking of the 70 indicators. 4. 1. Updated quarterly, the index tracks the performance of house prices across 150 cities worldwide. The environmental value of urbanization improves quality of life, prosperity and wellbeing. Read more. Toronto has been ranked among the top 20 best cities in the world, according to Resonance Consultancy’s World Best Cities 2020 report.. Index in The Wealth Report 2020. The global demand for smart cities is growing rapidly, from US$622 billion in 2017 to US$1 trillion in 2019; this is expected to reach US$3.48 trillion by 2026.. A multiplicity of actors and collaborative ventures is required to adequately fund urban infrastructure.. 4. Across the globe, ever since 2014, every year on the 31 st of October, World Cities Day is celebrated. The implementation of the 2030 Agenda for Sustainable 2. to this pandemic and prepare for future infectious disease outbreaks.”, “The novel coronavirus pandemic triggered the worst public health crisis in a century and we are now living through the worst economic recession since the Great Depression. 3. 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