THE WORLD’S MEGA CITIES – INCLUDING TORONTO – ARE PULLING AWAY FROM THEIR NEIGHBOURS

North American mega cities – San Francisco, New York City, Boston, Toronto, Waterloo & Ottawa – have been linking up to places already similarly successful. HARALD BATHELT at the University of TORONTO found that “the TORONTOs, Ottawas and Waterloos will link with Shenzhen in China, with Munich and Stockholm in Europe.”

GREG SPENCER, researcher at the University of TORONTO, analyzed the global footprints of the world’s 500 largest firms in advanced industries like machinery, digital services and life sciences. Global cities stand out. Other places connect to the global economy by going through them. Smaller places are left at the mercy of global cities. “A lot of this is about power,” Mr. Spencer says.

Read the entire, fascinating story – “The Megacity, Untethered”, Sunday Business, New York Times, December 24/2017 – https://www.nytimes.com/2017/12/22/upshot/the-great-disconnect-megacities-go-global-but-lose-local-links.html.   Global Cities Institute at the University of TORONTO – http://boundless.utoronto.ca/initiatives/global-cities-institute/

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