Cities play a crucial role in the overall development of any nation. Cities are key catalyst for innovation, economic growth, life improvement and social development. To become a pole of attraction to talent and investment, cities must provide basic services, quality of life, robust and stable legal context and business development and also professional opportunities for talent retention. All these parameters are key for cities to compete in a wider ecosystem where globalisation is erasing borders for competitiveness.
At the beginning of this new century, we are experiencing some of the most profound and accelerated transformations in the history of humanity that have great effect on the economy, politics, society, and the human habitat. Technological innovation and the development of telecommunications are facilitating the emergence of a new global economic order. This is reinforced with the progressive reduction of trade barriers, the reaction of large economic blocks, and the expansion of global markets.