global cities are the control centers of the global:

And as the global economy continues to suffer from what the IMF terms “too slow growth for too long,” efforts to understand and enhance cities’ contributions to growth and prosperity become even more important.Īsian Anchors: large and not-quite-as-wealthy Asian cities that perform similar command and control duties in Asia.Įmerging Gateways: large cities that serve as economic hubs for middle income nations in Africa, Latin America and the Middle East. Today, members of a vast and complex network of cities participate in international flows of goods, services, people, capital, and ideas, and thus make distinctive contributions to global growth and opportunity.

No longer is the global economy driven by a select few major financial centers like New York, London, and Tokyo. 'As societies and economies around the world have urbanized, they have upended the classic notion of a global city. Containing about one-eighth of the world's population but generating about one-third of the world's economic output, the report explores global city interconnectivity and, in the process, provides a clearer definition of what it means to be a global city - a term that is often thrown around but can be poorly understood.

The Brookings report, entitled Redefining Global Cities: The Seven Types Of Global Metro Economies, examined the economic functions of the 123 largest metro areas in the world.

Global cities are the control centers of the global: