Asia Pacific cities demonstrate continued resilience in a world of risk finds Kearney

While the GCI captures the current state of global city leadership, the Global Cities Outlook (GCO) aims to identify those cities most likely to achieve global prominence in the future. This year, the outlook exhibited significant dynamism with emerging hubs continuing to rise in hopes of rivaling the dominance of established leaders. San Francisco, Munich, Copenhagen, Luxembourg, and Seoul topped the list.

 

European cities continue to perform strongly on the GCO, but like the GCI, APAC cities have also recorded improvements, with Seoul, Tokyo, Osaka, and Perth jumping in places, solidifying their future status as global hubs. Meanwhile, Asian cities such as Mumbai, Ahmedabad, Kolkata, Surabaya, Kuala Lumpur, Ho Chi Minh City, Seoul, Osaka, and Yokohama, have seen elevated Foreign Direct Investment (FDI) rankings, a key metric of the GCO, as companies look to diversify their business as part of the China Plus One strategy.

 

A look ahead: regenerative cities

 

While the results of Kearney's 2024 Global Cities Report have demonstrated how global cities have adapted to geoeconomic pressures, they also face growing environmental challenges exacerbated by climate change. Climate disasters have caused significant financial losses, and cities—being major consumers of energy and producers of greenhouse gas emissions—are both victims of and contributors to these issues.

 

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"Amidst the threat of climate change, cities have a responsibility and an opportunity to seek solutions to counter the climate crisis. To do so, they must shift their perspective toward being more systems-oriented and proactive, adopting a regenerative approach. A regenerative mindset involves cities implementing collaborative decision-making and integrated governance, empowering the next generation to prosper, and developing a proactive and cohesive sustainability strategy. This will enable cities to address the challenges of today and tomorrow holistically, and for the benefit of all," concluded Mr Sekinada.

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