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To some, London, New York City, Paris, and Tokyo have been traditionally considered the ‘big four’ world cities – not coincidentally, they also serve as symbols of global capitalism. New York, London, and Paris maintain their decade-long dominance as the top three cities in the Global Cities Index. Its large population of immigrants from all over the globe has also made Toronto one of the most multicultural cities in the world. Toronto is Canada’s largest city and a world leader in such areas as business, finance, technology, entertainment and culture. The term has its origins in research on cities carried out during the 1980s, which examined the common characteristics of the world’s most important cities. Global city, an urban centre that enjoys significant competitive advantages and that serves as a hub within a globalized economic system.

Is Ontario a global city?Ĭanada’s largest city and the metropolitan powerhouse of Ontario was also recognized for its economic potential, business friendliness and human capital and lifestyle, proving itself as a global entrepreneurial centre with a high potential for further economic growth. What makes your city a global city?Ī global city has wealth, power and influence to other countries as well as hosts the largest capital markets.London, New York, Paris, Rome and Tokyo are one of the most well-known global cities as it provides global competitiveness for its citizens and companies. Toronto prides itself on becoming one of the world’s most diverse urban centres, embracing new global outlooks, and attracting large numbers of immigrants. The city of Toronto is a new entrant to the ranks of global cities. Diversity truly is Toronto’s strength, making the city a dynamic, progressive and welcoming place to work and live. Toronto’s deep, diverse and globally connected talent pool of skilled, highly-educated and culturally savvy individuals is the driving force behind its economic prosperity and innovation.