Investing in the Future. The Global City's Economy

#Panel discussion #Transformation of Urban Economy and Business
MUF 2021
01 July


Today, big cities are independent and powerful economic entities that generate most of the world's GDP by attracting infrastructural, financial, and human resources. For example, the Moscow metropolitan area's 2020 gross domestic product was $1 trillion, which is more than one-fourth of Russia's GDP and almost half of the country's foreign investment. Resources allow global cities to be the first to implement and scale innovative solutions like developing a shared economy or issuing green bonds. Creating a positive investment climate and environment for local and international businesses is beneficial, for they, in turn, support state initiatives, introduce new technologies and invest in infrastructural development. Consolidation of public and private resources allow megacities to improve in accordance with sustainable development goals and emerge as global economic centers.
  • What economic and technological innovations have been developed and approved in present-day megacities?
  • How do cities attract private investments and build long-term business partnerships?
  • How to effectively use the Integrated Territorial Development mechanism to develop the city's industrial potential?
  • What impact do technology hubs and Smart City technologies have on megacities? What spheres of urban life do they affect?

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