{ "docId": "019dd923-5ca1-7489-b637-e22de37201f0", "docSlug": "dea0bd0c633cad02", "documentTitle": "Distributed Geography 2023 Global Cities", "authorId": "Kearney", "authorName": "Kearney", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.678, "pageNumber": 6, "pageCount": 30, "prevPage": 5, "nextPage": 7, "slideType": "executive_summary", "function": "establish_context", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": [ "headline_text", "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b637-e22de37201f0/6", "deckHref": "/decks/019dd923-5ca1-7489-b637-e22de37201f0", "deckJsonHref": "/decks/019dd923-5ca1-7489-b637-e22de37201f0.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b637-e22de37201f0#slide-6", "components": [ { "bbox": null, "kind": "callout", "text": "A more distributed geography of opportunity has begun to emerge.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-c7ca-701b-9cb6-39ddc051ff19", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.442, "x": 0.475, "y": 0.955 }, "kind": "disclaimer", "text": "The distributed geography of opportunity: the 2023 Global Cities Report 4", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "98719594-eb94-4d79-b0c0-216690bf65f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.115, "w": 0.417, "x": 0.056, "y": 0.435 }, "kind": "paragraph", "text": "While the global geopolitical landscape has become noticeably more divided and fragmented, cross-border economic flows remain strong. Efforts toward regionalization have been complemented by the diversification of other global trade partners, such that streams of trade and capital have, on average, actually increased in distance and complexity.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "32d4017b-e4a5-4cb8-bf9a-c5f297b184e2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.135, "w": 0.417, "x": 0.5, "y": 0.298 }, "kind": "paragraph", "text": "Global mobility of talent has risen significantly over the past 18 months, as the full removal of peak-pandemic restrictions has led individuals to experience a sense of freedom not felt in many years. Visa-free movement between countries has already returned to pre-pandemic levels. COVID has also caused a value shift among Gen Z and Millennial workers, who have rethought long-standing employment arrangements and placed a higher priority on working in destinations of their own choosing.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8ce3aa97-9285-4be4-b97b-86b1af06e228", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.135, "w": 0.417, "x": 0.5, "y": 0.582 }, "kind": "paragraph", "text": "Our GCO findings also highlighted the emergence of a distributed geography of opportunity within the United States specifically, with highly specialized talent and capital attraction no longer confined to the \"superstar cities,\" but instead spreading to a new tier of metropolitan areas. Over the course of the pandemic, internal migration patterns revealed a shift of people, business, and ideas from long-standing leaders such as New York, Chicago, and Los Angeles to emergent metros such as Miami, Phoenix, and Dallas.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b4ed3bf8-d9c2-4d49-9bbb-a32f527cc040", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.115, "w": 0.417, "x": 0.056, "y": 0.298 }, "kind": "paragraph", "text": "Global flows of information, capital, trade, and people are approaching pre-pandemic levels, although whether they will continue to rise in the future is uncertain. Even as some of the acute disruptions of the peak COVID era have stabilized, other sources of instability have emerged. For global cities, therefore, the economic and cultural outlook remains far from settled.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c3c6c224-11b5-4e18-ace5-b5b0898f76bd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.185, "w": 0.417, "x": 0.056, "y": 0.678 }, "kind": "paragraph", "text": "Although the top cities, measured in terms of their openness to global flows, have remained the same, data from this year's GCI indicates a growing prominence of newer, less established hubs whose balanced geopolitical and geoeconomic positioning makes them attractive to capital, trade, and people from throughout an increasingly fragmented world. Our findings show a rise in the GCI rankings of Middle Eastern—in particular Gulf—cities such as Abu Dhabi, Doha, and Riyadh, which have succeeded in capitalizing on a confluence of social, geopolitical, and economic trends in drawing top talent and investment.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d03f5f78-6c7f-408b-91f6-853a9094bd9f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.105, "w": 0.417, "x": 0.5, "y": 0.455 }, "kind": "paragraph", "text": "Consequently, there is an ongoing power shift among global cities, as those with a wider array of non-economic advantages pull in increasingly mobile global talent. Some cities, such as Singapore and Miami, are growing in prominence—and rising in the GCO—thanks to a holistic value proposition, including favorable business environments and a relatively high quality of government services.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d8f9b7de-fe30-4879-aea9-35c5e98e2e38", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.417, "x": 0.056, "y": 0.572 }, "kind": "paragraph", "text": "In short, although the profile of globalization is changing, it remains a robust paradigm for understanding our world—and the role of cities within it. At the same time, the defining features of that paradigm are changing. A more distributed geography of opportunity has begun to emerge.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e7b86874-5041-4f5e-bfde-c3a99c417f1c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.278, "x": 0.056, "y": 0.035 }, "kind": "title", "text": "Introduction", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4253008e-74c5-451a-9b14-4c97c3bdc10c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }