Connecting Global Cities: Billionaires and Les Miserables

Apr 20, 2017 8:30:00 AM / by Julie Ritz

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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Global cities (and the countries they are located in) appear in various surveys each year. I regularly refer to them here. Last month saw two updates released – the 2017 Hurun Global Rich List (and where the wealthiest people live) and the Bloomberg 2017 “economic misery” list, which it is not good to be at the top of.

Money is not the most important thing to value in life – good health is more important, so there are several surveys of the most liveable cities, which I last covered in September 2016.

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Photo: High End hotel in Beijing's Sanlitun by Colin Speakman 

However, there seems to be a fascination about where rich people live and in fact it appears that many choose to live in global cities where they can enjoy all the things that money can buy. I recall an old movie, “The VIPs” where a millionaire was able to write a friend a blank cheque. Nowadays being a millionaire does not get one far into the Rich List. Anyone living in London or New York with a good-sized home and the mortgage paid off is likely to have net assets worth over a million US Dollars. We have to talk about multi-millionaires at least, and for the top end of the Rich List we need US Dollar billionaires. There are 2,257 billionaires in the world, an increase of 69 in the last year, according to Hurun research.

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Posted in: Shanghai, China, Global Cities

Asia's Global Cities

Mar 16, 2017 10:30:00 AM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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This is the third in a series about how globalization is under threat from the west while Asian countries have become the leading advocates for globalization.

Since globalization is spurred on through the connections between global cities, this trend is seen in the rise of Asian mega cities in the Global Cities Index (GCI). See my column on the background to this index first compiled every two years since 2008 by A.T. Kearny consultants. 

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Photo: London (public domain)

It is not easy to get into this list which now is published every year and contains 125 recognized global cities. Here are the considerations that arise:

"The A.T. Kearney Global Cities Index (GCI) ranks 125 cities according to 27 metrics across five dimensions, including business activity, human capital, information exchange, cultural experience, and political engagement."

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Posted in: Global Cities

Connecting Global Cities: Is it Asia's Century?

Feb 16, 2017 8:30:00 AM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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This is a follow-up to last month's column on the challenges facing globalization in 2017. In the month since, we have seen more evidence of a kicking back, but it continues to emanate from western countries.

The new US administration has been in the forefront with plans to revise NAFTA, the formal withdrawal from negotiations to join the TransPacific Partnership (TPP) and warnings to multinational companies about investment abroad. The challenges have been evident in Europe, not just the now familiar Brexit, but political change in other countries with the leading candidates for the upcoming elections in France calling for more nationalist policies and even a referendum on EU membership. 

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Photo: Asia Rising - The Shanghai Tower by Colin Speakman

Yet come to Asia and you see a very different picture. That same TPP is still supported by the members that were invited to join from Asia. The ASEAN group of South East countries is deepening trade ties and is linked with China through CAFTA (The China ASEAN Free Trade Agreement). Perhaps even more significantly, the China-led "One Belt-One-Road" initiative, will spur trade and investment from China right through Asia to the borders with Europe - a 21st Century version of the old Silk Road. 

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Posted in: Shanghai, China, Global Cities

Awesome Neighborhoods in CAPA Study Abroad Cities

Feb 7, 2017 5:30:00 PM / by Stephanie Sadler

Across the globe, the many neighborhoods in CAPA's global cities showcase an incredible amount of diversity in culture, food, creativity, religion, language, commerce, landscapes and all of the other ingredients that combine to create the specific atmosphere of a particular area.

While we recommend exploring as much of your host city as you can in order to gain a better understanding of its essence, its history and how the lives of locals play out in different parts, there are some neighborhoods that CAPA study abroad students gravitate to semester after semester that deserve a spot on your "must-visit" list.

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We've reached out to CAPA alumni and local CAPA staff in each city to find out which neighborhood students love the most to help kick start your host city bucket list: 

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Posted in: Global Cities, Study Abroad

Globalization in 2017

Jan 19, 2017 5:30:00 PM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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Happy New Year everyone!

2017 promises to be a challenging year for advocates of globalization. For decades we have seen globalization's growth linked to world economic growth, trade growth and international investment. The benefits have been seen as the spread of new ideas, innovation, technology and cultural practices to more countries, with growth of jobs globally and poverty reduction. 

Of course, there are winners and losers in the process. We saw in 2016 a backlash against globalization and in favor of putting the national interest first as in putting the US first or the UK first in political decisions and particularly some concerns about the movement of people between countries that is associated with global opportunities.

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Photo: A CAPA group in front of a mural of Paris on a supermarket in Shanghai from Colin Speakman

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Posted in: Global Cities

Connecting Global Cities: Key events of 2016

Dec 22, 2016 8:30:00 AM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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I am continuing this tradition from 2014 of reviewing key events through the year. It is of course partly a personal selection as a lot happened this year. Indeed the start of the year saw so many famous people pass away that it prompted discussion that this was going to be a record year for that. It proved not to be the case as we neared the year's end and that aspect now seems to have been front loaded.

As someone who counts London as their second home, I was sad to see a local lad turned megastar passing. David Bowie originally from Brixton, died soon after his 69th birthday and after launching a new album, "Blackstar". He was New York-based by then - famous people often lead a global life - but much celebrated in UK. My favorite Bowie song? "China Girl" followed by "Let's Dance"! 


Photo: A young David Bowie (public domain)

Another megastar's life was 30 years longer; in the last month of the year, we lost Zsa Zsa Gabor at 99 in Los Angeles. It would be hard not to recognize the impact of another nonagenarian, Fidel Castro, who passed in November at aged 90, in Santiago, Cuba. 

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Posted in: Global Cities

Innovation Links Global Cities

Nov 25, 2016 1:30:00 PM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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We know that the world is changing fast. 

Perhaps few places are changing faster than "my" Shanghai - a huge transformation of the new East part of the city that is known as Pudong from warehouses, wetlands and wasteland in the 1990s into the picture postcard of China's Economic miracle this decade.

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Photo: CAPA students and Resident Director Colin Speakman in the economic capital, Shanghai

While this has clearly impacted on, and in some ways transformed, the lives of locals, the reach of some changes has been much further and arguably global in impact. Shanghai, out of China's many mega-cities, is the one with the highest immigrant population from elsewhere in the mainland; the opportunity to study in Shanghai's famous universities and then stay and apply the talents and skills learned in order to contribute to China's "City of Experiment", as it is known, is one factor. Equally, many more basic, essential workers have been needed in construction, retail, transportation and everything else required to keep a city of 25 million going.

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Posted in: Global Cities

Planning Global Cities

Oct 21, 2016 1:30:00 PM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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The concept of planning global cities has multiple meanings. Many are growing and need new transport networks and homes and shopping malls. Others, although longer established and more stable in size, such as London and Paris, are in need of some renovations and, perhaps equally importantly, plans for continuing to preserve historic buildings and sections. 

In the fast growing (though somewhat late to the party after decades of isolation) Chinese mega cities, a lot of the old had been pulled down before Beijing and Shanghai decided to preserve historic Hutongs and some Shikumen houses respectively.

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Photo: Historic Shanghai (public domain)

Planning in many global cities now involves a lot of attention to the environment and quality of life which can come in the form of handling traffic congestion, preserving or creating green spaces or developing eco-friendly transport, be it natural gas buses or cycle paths.

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Posted in: Global Cities

Liveable Cities - Revisited

Sep 23, 2016 1:30:00 PM / by Stephanie Sadler

“Connecting Global Cities” is a monthly column written by Colin Speakman, Resident Director for CAPA Shanghai.

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Recently, we revisited the Global Cities Index to examine the impact of the 2016 edition. We found that London had taken the top spot from New York, that Chinese cities were rising on the list and more cities were meeting the criteria for inclusion. Global cities are continually evolving concepts.

So, too, are other ways of looking at cities - some global and others less so - such as the index of the most liveable cities or of green cities. So, since The Economist released in August its 2016 ranking of most liveable cities, it is timely to look again at that aspect.

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Photo: Melbourne, Australia (public domain)

The concept of liveability is not without controversy as it is not the same as just a healthy environment; as we will see below, the European Commission 2016 survey of green cities put one city at the top that is nowhere in The Economist's top 10. In fact, 30 factors are used by The Economist to construct their table and are spread across five areas: stability (including safety), infrastructure, education, health care and environment.

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Posted in: Global Cities

More Than a Tourist: Exploring Shanghai as a Global City

Sep 15, 2016 5:30:00 PM / by Stephanie Sadler

CAPAStudyAbroad_Shanghai_Fall2016_Caleb_Kostreva_Profile.jpgCaleb Kostreva is an official CAPA blogger for fall 2016, sharing his story in weekly posts on CAPA World. A public policy and civic leadership; social science (global studies emphasis) major at Howard Payne University, he is studying abroad in Shanghai this term.

In this week's post, Caleb talks about Shanghai as a global city and exploring beyond the tourist facade to find out what it's really like below the shiny surface.

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It is stunning how much a few hundred yards can separate such polar types of people. During my first week of experiencing Shanghai, I had the opportunity to explore some of the surrounding areas to the campus, and I was shocked by what I found. Beyond the local markets that dot the streets of Shanghai stand a stark difference between the affluent and the impoverished. As I wandered through the streets mentally bookmarking each turn and setting landmarks so I wouldn’t get lost, I could not help but notice that I began seeing fewer and fewer foreigners. When the locals began staring at me as I passed by, I knew that I was finally beyond the face of Shanghai and had arrived in Shanghai as the locals know it.

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Photo: The river near campus, separating affluent apartments and low-income housing

At the core, I am an extremely curious person (probably more curious than is good for someone), and so I am not content with seeing the places that everyone else sees. I need to see the alleyways and side streets; these are the places that contain the real Shanghai. It is down these alleyways that I have found some of the best street food and shops. It is down these side streets that the picturesque gardens are located. It is off the beaten trail that the locals know and live in. That is the Shanghai that I want to know and help you discover through these posts.

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Posted in: Shanghai, China, Official Bloggers and Vloggers, Global Cities

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