In today’s increasingly urbanised world, where cities are home to more than 50% of the world’s population and generate over 80% of global GDP, many of the world’s global business capitals face a similar scale and complexity of challenges.
With a shift of power from the national to the local level, global cities have become the new centres of culture, commerce and politics.
These cities have more in common with each other than with their smaller peers, and can benefit from working together to address the major economic and social challenges they face.
City governments and global businesses have a common interest in ensuring cities remain competitive environments for business, vibrant centres for talent, creativity and innovation, and most importantly good places to live.
Global businesses have the knowledge, experience and reach to enable cities to achieve their potential, and this presents a real opportunity for businesses to work together and in partnership with city leaders to create thriving, liveable cities.
Recognising the need for a strategic, global dialogue and an open forum for collaboration between businesses and city governments, the Global Cities Business Alliance was founded and formally launched at its inaugural symposium on 17 June 2015, with the support of the Mayor of London.