“In the coming year, we expect the divergence among global cities to widen. "Additionally, cities must focus their investments on advancing the wellbeing of their populations and strive to develop an environment in which innovation can thrive," the report states. Further, cities that harness the benefits of the global digital economy to drive differentiated competitive advantage will accelerate economic growth," the report notes.įurther, in the absence of globally unified leadership on the topic, cities, which are responsible for more than 70% of global carbon emissions, must lead the way in driving sustainability.Ĭities must also recalibrate the optimal balance of trade and economic relationships at global, regional and local levels to be resilient to future disruptions, as the fragility of the global trade system was exposed in the early months of the pandemic. "Human capital is the driving force behind a city’s economic activity. The Kearney Global Cities report outlines five strategic imperatives to drive recovery and highlights ways cities can address the challenges they share.Ĭities must win the global competition for talent, much embrace the rapidly growing digital economy, ensure economic resilience by balancing global and local resources, adapt in the face of climate change and invest in individual and community wellbeing, the report states.
"Just as they led the global pandemic response, cities are now poised to lead the global recovery, however unsteady and uncertain as it may be," Reddy says. It provided a stark snapshot of a volatile, increasingly fragmented environment characterised by fierce competition among cities for status, a situation acutely exacerbated by the pandemic. Comprised of the Global Cities Index (GCI) and the Global Cities Outlook (GCO), the report reveals that the leading global cities have been resilient and adaptable, despite initially being hit hardest by Covid-19, because of their high connectivity and density.
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