Brookings Institutes' 10 Traits of Global Fluency
1. LEADERSHIP WITH A WORLD VIEW
2. LEGACY OF GLOBAL ORIENTATION
3. SPECIALIZATIONS WITH GLOBAL REACH
4. ADAPTABILITY TO GLOBAL DYNAMICS
5. CULTURE OF KNOWLEDGE AND INNOVATION
6. OPPORTUNITY AND APPEAL TO THE WORLD
7. INTERNATIONAL CONNECTIVITY
8. ABILITY TO SECURE INVESTMENT FOR STRATEGIC PRIORITIES
9. GOVERNMENT AS GLOBAL ENABLER
10. COMPELLING GLOBAL IDENTITY
2. LEGACY OF GLOBAL ORIENTATION
3. SPECIALIZATIONS WITH GLOBAL REACH
4. ADAPTABILITY TO GLOBAL DYNAMICS
5. CULTURE OF KNOWLEDGE AND INNOVATION
6. OPPORTUNITY AND APPEAL TO THE WORLD
7. INTERNATIONAL CONNECTIVITY
8. ABILITY TO SECURE INVESTMENT FOR STRATEGIC PRIORITIES
9. GOVERNMENT AS GLOBAL ENABLER
10. COMPELLING GLOBAL IDENTITY
Leadership with a World View
Despite suffering through the recent global financial crisis, Istanbul has since rejuvenated its' financial affairs. It has become on of the most sought after real estate destinations in Europe and been voted the 56th city in terms of wealth management experience in the Global Financial Centers Index, rising above Moskow and Mumbai. Since 2007, Istanbul has also become one of the top 10 most visited cities in the world.
Adaptability to Global Dynamics
In order to eliminate the problem of insufficient resources and to maintain economic development, Istanbul sought foreign investment and facilitated the entrance of foreign capital inflow during the 1980s. By the year 2000, the number of foreign investment companies in Turkey had grown by 3,000%. (Yes, three thousand percent.)
The establishment of of the Improvement of the Investment Environment Coordination Board also further confided national and international firms to further invest in the city of Istanbul. The sale of public assets to international investors, notably in the Zincirlikuyu district, has further increased international investments.
National government's investments in the infrastructure of the city has been visible through the implementation of the "metrobus," (further explained under the Urban Structure tab,) the construction of new metro lines in both the European and Asian sides, and road projects such as the Marmaray Tunnel and the 3rd Bosphorus Bridge. These improvements are occurring alongside projects to construct a third airport in the city and build dramatic office spaces to lure new businesses, hopefully making Istanbul an international financial center.
The establishment of of the Improvement of the Investment Environment Coordination Board also further confided national and international firms to further invest in the city of Istanbul. The sale of public assets to international investors, notably in the Zincirlikuyu district, has further increased international investments.
National government's investments in the infrastructure of the city has been visible through the implementation of the "metrobus," (further explained under the Urban Structure tab,) the construction of new metro lines in both the European and Asian sides, and road projects such as the Marmaray Tunnel and the 3rd Bosphorus Bridge. These improvements are occurring alongside projects to construct a third airport in the city and build dramatic office spaces to lure new businesses, hopefully making Istanbul an international financial center.
Global Connectedness and Relevance
Between 1990s and early 2000s, large scale international firms opened regional headquarters in Istanbul, including but not limited to: Coca-Cola, Microsoft, Benetton, Bosch, and Pepsi. Since 1990, foreign investments have increased 10 times their previous values.
In the last decade, immigration into Istanbul has greatly increased with an annual growth rate of 150,000 residents, mainly from the Balkans, Russia, Africa, and the Middle East.
In the last decade, immigration into Istanbul has greatly increased with an annual growth rate of 150,000 residents, mainly from the Balkans, Russia, Africa, and the Middle East.
Compelling Global Identity
Istanbul has become a popular host of to numerous international festivals and conferences. One of the products of international leadership has been the effective marketing of Istanbul's historical and cultural significance. Istanbul Metropolitan Municipality's master plan to invest in cultural heritage has proven effective with Istanbul winning the "2010 Cultural Capital of Europe" award.