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Home > Cities Today > Issue 21 > Competing for mobile capital–the leadership dimension

Competing for mobile capital–the leadership dimension

Urbanisation has ushered in a new era of competition between cities, in vastly different areas such as for talent, manufacturing, tourism and of course finance. Yet, governments at national, state and city level usually have limited access to funds and ways of financing their plans to improve urban wellbeing.

So what is the best way to attract investors, and human capital, and enable the financing and delivery of critical infrastructure and public services? And how can urban leaders encourage investors, as well as businesses, knowledge institutes and engaged citizens, to invest in the wellbeing and success of a place?

The new capitalism

Cities are constantly in need of the funds to invest in the capitals they need to sustain competitive success–social capital, intellectual capital, human capital, cultural capital and political capital (see Figure 1).

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