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Originally Posted by caltrane74
Very Well Said, except that some of those huge cities you posted are not really Global Cities. (despite their huge populations) - San Paulo and Mumbai come to mind.
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For instance, London has half the population of Mumbai or Sao Paulo.
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I dunno. Sao Paulo and Mumbai aren't wealthy or globally influential like New York and London are, but they're certainly global cities. Canadians may not see those 2 cities as rivals now, but they will be in the not to distant future. They are the New York of Brazil and India, respectively. Both of them are already economic giants despite being relatively poor.
Mumbai and Sao Paulo have a wealth/prosperity gap to close, Toronto has a population/size gap to close. We're trying to reach the same goal, but from other sides of the ring so to speak. Even wealthy Hong Kong commissioned studies as to whether it had the population base needed to remain globally significant. Hong Kong and Toronto are both on the small side. Every other global city of consequence has at least 10 million people. Luckily Hong Kong has Shenzhen and China right next door. Toronto? Toronto just needs to bulk up in a hurry.
That's why I wondered whether all this growth we're getting is going to be enough. Toronto's growth is phenomenal, but we might need even faster growth.
London's trump card is that it's viewed as a primary city of Europe rather than just a primary city of Britain. The game changer for Toronto is whether Toronto can turn itself into a gateway to North America rather than just a gateway to Canada. Canada just isn't big enough to elevate Toronto to that upper echelon.