Europe’s Cities in a Global Economy: Trends, Challenges and Opportunities
Greg Clark and Tim Moonen
Cities have long been vital to trade, innovation, investment and development. Despite the distance-shrinking technologies of the modern world, that is truer today than ever before. Yet the future for Europe’s urban centres is uncertain. After centuries in which first European cities, and then Western ones, led the world, power is shifting eastwards and southwards. New global cities have emerged; Tokyo, Hong Kong and Singapore first among them, with other cities such as Seoul and Shanghai following fast behind. At the same time, the financial crisis has exposed and exacerbated pre-existing weaknesses in European economies.
Against this background Centre for London and the Global Cities Initiative have produced a paper analysing the positioning of European cities in a changing global context. Prepared as a background document for the The London Conference 2013, this paper applies the Ten Traits of Global Fluency to Europe’s urban centres and outlines the challenges and opportunities ahead.