Cities across the world are adjusting to new economic realities. The 2008 financial crisis and consequent recession in the West and global economic slowdown carried serious implications for city economies. The initially sluggish but now increasing return to growth means that cities are focusing on the best ways to attract corporate and institutional investment anew. This has shone the spotlight on the business and investment climate as an increasingly important tool for economic development, new job creation and capital attraction.
Source : ULI