In this article, we will examine the distinguishing features of new and emerging global cities that are becoming more competitive and analyze why they are worth watching. There are numerous similarities between the world’s major metropolitan areas for example, they all have cutting-edge modes of transportation they are environmentally friendly they provide equal access to opportunities and they have very high standards of living. They are centers of commerce and cultural exchange, drawing top talent from all over the world.Įconomic growth is spurred by agglomeration effects, which are fueled by global cities as hubs of innovation, entrepreneurship, and human capital development. The importance of global cities in today’s world is crucial. Compared to smaller cities in the developing world, the expense of living in a big global city is higher, but the benefits more than justify the price.Ī global city may be the best choice for an expat or a wealthy individual in search of a challenging, but lucrative work environment or abundant business and investment opportunities.
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