Results of smart city experiments are mixed and particularly poor when these efforts are technology- rather than peopledriven. 5. 6. The latest report from the McKinsey Global Institute (MGI), Smart cities: Digital solutions for a more livable future (PDF–6MB), analyzes how dozens of digital applications address these kinds of practical and very human concerns. 5. Governance, institutional, policy and regulatory frameworks should be aligned to the local realities and should not hinder economic growth. 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.. 3. 4. 4. 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. Learn more. 3. When adequately harnessed, the social value of sustainable urbanization offers pathways to enhancing social inclusion, reducing inequality and ending poverty; thereby, leaving no one and no place behind. Marjorie B. Tiven is the founder of Global Cities, Inc. From 2002 through 2013, she served as New York City Commissioner of the Mayor’s Office for International Affairs, under the administration of Michael R. Bloomberg. Sustainable urbanization has a key role to play in the Decade of Action for accelerating sustainable solutions towards eradicating poverty, reducing inequality, addressing climate change and enhancing gender 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. 1. The value of sustainable urbanization is the totality of a cityâs economic, environmental, social and intangible conditions that have the potential to improve the quality of life of residents in meaningful, visible When cities are well-planned and managed, they can lift families out of poverty, liberate women from gender-based discrimination, point to bright The Global Cities Index provides a comprehensive ranking of the leading global cities from the world. the Decade of Action, the ten-year period during which national and local governments, the private sector and civil society must accelerate their efforts to deliver on the promise of the Sustainable Development Goals Urban greening initiatives enhance the environmental value of urbanization, but adequate measures are needed to ensure that they do not exacerbate inequality and social vulnerability. Urban areas are already home to 55 per cent of the worldâs population, and that figure is expected to grow to 68 per cent by 2050. There were 371 cities with more than one million inhabitants at the turn of the century in 2000. Realizing the social value of sustainable urbanization is not a natural consequence of economic growth, which does not automatically reduce poverty and inequality. 2. The Global Power City Index YEARBOOK 2020 is a full report of the GPCI-2020, providing a detailed account of its methodology and results. 2. Report: U.S. Cities Lag Behind Global Peers in Walkability ... Oct. 2020. 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 This region has the weakest average performance in the GTCI 2020. A lot has happened since December 2019. Which cities are most successful at attracting capital? The first global fintech ecosystem rankings. From Citi Private Bank's 2011 Wealth Report: predicting the top 20 global cities of 2020. Current international debates are characterized by urban optimism, as sustainable urbanization is recognized as a transformative force to harness environmental value. levels.. 2. 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. New technologies and innovation provide opportunities for cities to meet the SDGs and generate immense value from the process of urbanization. Learn more. 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. ... far lower than cities in the global south," according to the report… Read more. 1. The COVID-19 pandemic has created an uncertain investment climate as only five per cent of public and private sector leaders believe that investments will âincrease significantlyâ following the pandemic. 3. 4. Global Residential Cities Index - Q1 2020 The Global Residential Cities Index tracks mainstream residential prices on a city-by-city basis. 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 value of urbanization is socially inclusive when it enhances gender equality, protects the rights of minority and vulnerable groups and ensures social inclusion. Cities are also institutionalizing their engagement with local stakeholders as the basis Sustainable urbanization generates economic, environmental, social and intangible value that can be harnessed for the wellbeing of all. Local governments still face multiple constraints regarding urban finance. Article. The global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. and the quality of existing urban assets. Every region is expected to become more urbanized in the next ten years, although highly urbanized regions are expected to have slower rates of urban growth. Follow us on Facebook and Twitter @GlobalCitiesOrg. The report was downloaded by thousands of decision-makers around the world, mentioned by top government officials, and received dozens of mentions in global and national press. Prioritizing youth employment creates benefits that will have significant impact on the economic value generated by cities. equality. Strong multilevel governance frameworks are key to foster vertical and horizontal cooperation between different levels of government and between local governments. 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. Cities are increasingly integrating the SDGs in their policies and strategic plans, which in turn enhances the value of urbanization. Global Talent in the Age of Artificial Intelligence Addressing the theme of Global Talent in the Age of Artificial Intelligence, this seventh edition of GTCI explores how the development of Artificial Intelligence (AI) is changing the nature of work and forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. Cities need to feature prominently in the stimulus packages and economic recovery plans following the outbreak of COVID-19. I second that emotion: KCI quarterly briefing, Q4 2020. Sustainable urbanization is a generator of inclusive prosperity; it allows for economic opportunities for all, including marginalized groups. 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. The new edition of the Worldwide Cost of Living report shows how the Covid-19 pandemic has changed the cost of living in about 130 cities around the world since the start of 2020. With over 90 per cent of confirmed cases coming from urban areas, cities have borne the brunt of COVID-19. Sustainable and inclusive cities are the outcome of good governance that encompasses effective leadership; integrated urban and territorial planning; jurisdictional and multilevel coordination; inclusive citizen The organization focuses on five key areas for creating lasting change: Public Health, Environment, Education, Government Innovation and the Arts. 5. air quality in cities.. Index in The Wealth Report 2020. Adequate investment in urban infrastructure including physical assets, human capital, institutions, effective governance structures and innovative technology is central to enhancing the value of sustainable urbanization. of people connected by mobile devices, with unprecedented processing power, storage capacity and access to knowledge. For more information on the Philanthropies, please visit bloomberg.org or follow us on Facebook and Twitter @BloombergDotOrg. Asset Publisher. Cities must work to promote effective policies to protect citizen data and empower citizens to understand how to protect their personal data. 5. The financial resources are available globally, but they are not channelled to areas where they are most needed. Local governments must be empowered to tap their endogenous potential to innovatively increase and diversify own-source revenues, which in the long-run enhances local autonomy and financial sustainability. Participatory data platforms and effective monitoring systems are integral to enhancing the value of sustainable urbanization. Local governments are the prime movers of sustainable urbanization. COVID-19 provides cities a unique opportunity to build back better, by focusing on greener, more sustainable business and consumption patterns, digital economies and quality urban spaces. There is global progress on decentralization with local governments increasingly playing a significant role in governance as decentralization processes get implemented across various regions. Learn more. 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. to this pandemic and prepare for future infectious disease outbreaks.â, âThe 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. Fortunately, there is a road map to sustainable urbanization in the New Urban Agenda, which provides a comprehensive framework for unlocking the value inherent A multiplicity of actors and collaborative ventures is required to adequately fund urban infrastructure.. 4. 3. The index's annual rate of growth increased by 4.7% in the year to Q3 2020… The tourism, real estate, and economic development advisor, based out of Vancouver and New York, releases the ranking annually. National governments should strengthen local governmentsâ involvement in the definition, implementation and monitoring of national urban policies and the SDGs. Toronto has been ranked among the top 20 best cities in the world, according to Resonance Consultancy’s World Best Cities 2020 report.. 3. 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 … 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. Policy coherence between global, regional, national and local stakeholders is crucial for meeting urban investment needs to enhance the value of urbanization. 5. View All 66 Images. The implementation of the 2030 Agenda for Sustainable Yet, informal sector enterprises generally fly under the radar of public policy interventions. The world is firmly entrenched in the Information Age. Clear, ethical frameworks and institutional arrangements for data collection and data sharing should be put in place. 4. (SDGs) for accelerating sustainable solutions to the worldâs biggest challengesâranging from poverty and gender-based discrimination to climate change, inequality and closing the finance gap. Volumetric returns of the Big Data in Smart Cities market have been gauged at both regional and global levels, followed by pricing formats of each of the segments, through the forecast span, 2020-27. In 2018, there were 548, and in 2030, a projected 706 cities will have at least one million inhabitants. 5. Government at all scales will have to implement the New Urban Agenda at least in the short- to medium-term, within the context of the impacts and uncertainty associated with the COVID-19 pandemic. November 17, 2020 – New York City – New research released today by Global Cities, Inc., a Program of Bloomberg Philanthropies, shows that students can build critical global engagement and competency skills and increase their self-confidence through participating in well-conceived digital classrooms—of particular relevance as the COVID-19 pandemic leads to more learning online. Cushman & Wakefield Releases 2019 Corporate Social Responsibility Report 7/15/2020 Cushman & Wakefield and Placer.AI Partner to Deliver Retail Analytics 1. Cities are categorized as Alpha, Beta or Gamma cities based on their connectivity to the rest of the world. July 13, 2020 - Our founder, Marjorie B. Tiven, shares timely lessons about online schooling on CNN Opinion, drawing from the Global Scholars international digital exchange program to empower students from all backgrounds to believe in themselves and their power to change their communities for the better. About Bloomberg Philanthropies Bloomberg Philanthropies’ mission is to ensure better, longer lives for the greatest number of people. About Global Cities, Inc. and Global Scholars: Meg Louis, +212-618 6345, firstname.lastname@example.org, Nicky Keefe +34 672-237-577, email@example.com, Rebecca Carriero +212-205-0182, firstname.lastname@example.org, One Rockefeller Plaza, Suite 1134, New York, NY 10020(01) (212) email@example.com. the SDGs and as the world recovers from the COVID-19 pandemic. Technology is most effective when coupled with institutional innovation and is not a substitute for improving governance. 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