Cities, trade, and mobility invent and reinforce each other. Metropolitan areas around the world have a rich and accelerating record of global economic engagement. While some have been immersed in globalized transactions for centuries, others are just beginning their own international journeys and experiments. Today, different cities worldwide have distinct rationales for initiating cycles of global engagement and seeking a path toward global fluency.
This paper lists 10 traits which have proven to be particularly strong determinants of a city’s ability to succeed in global markets, manage the negative effects of globalization and secure its desired economic future. The most successful cities are those that have a long-term outlook and achieve some level of integration between many of the traits.
This paper has been prepared for the Brookings Institution and Centre for London by Greg Clark and Tim Moonen.