Creating the growth potential of global cities in the context of digitalization

Abstract

The peculiarities of the development of global cities and their role in the development of the world economy are considered. The trends of economic development of global cities is analysed and the main industries towards which investments are directed are identified. It is noted that innovations play a leading role in increasing competitiveness and establishing a sustainable economic and social system. Particular attention is paid to technologies that determine the sectoral and territorial structure of cities, including artificial intelligence, the Internet of Things, blockchain and 5G. The digital strategies of global cities are studied, which, despite different structure and priorities, set general principles for the development of the information technology and telecommunications sector and the implementation of its results in economic and social processes (government, infrastructure, technology parks, etc.). It is established that global cities should adhere to the developed strategy of digital transformation in determining the digital priorities. It is substantiated that the development of digital infrastructure is the basis for the creation of growth potential of global cities.