The Business of Cities are the authors of a new report, published by JLL, which builds a new typology of cities based on the latest city performance indices.
This research makes a breakthrough by adding three new concepts to the cities lexicon: ‘established’ world cities, ‘emerging’ world cities and ‘new’ world cities. By employing data from over 200 city indices the report argues that it no longer makes sense to understand all cities as being in competition with every other city. Instead it shows how cities typically share similar classes of assets, challenges and trajectories with a small cluster of other similarly endowed cities. The paper concludes with examples of the imperatives cities in each different ‘type’ share if they are to manage their growth and development effectively in future.
The full report can be read here.