Ganna Duginets, Larysa Sarkisian
How Environmental Transformations Shaping Governance Practices in Global Cities?
Purpose – The paper aims to present and investigate an impact of environmental issues on strategic planning processes in global cities.
Methods – For the study, a complex of complementary methods of scientific identification of economic processes and phenomena- the system-structural, comparative and statistical analysis – are employed for studying the current state and main trends. Data-wise, it is founded on statistical and analytical materials and informational and analytical collections, bulletins and reviews, and results of own research.
Findings/implications – The future of the global economy depends on the efficiency of important centers which are named global cities. Further increasing the burden on the environment has irreparable long-term effects on the conditions of competitiveness and investment attractiveness. The key to efficient environmental transformations at the urban level are adaptable models, which can react to external and internal changes.
Research limitations – The limitation of this research lies in the assessment of the real state of the problem made on a subjective scales that either inflate or underestimate the value of the evaluated problem. Despite the lack of immediate results in improving the environment, a sound environmental policy can have a significant impact on improving human health and well-being. It is proposed to solve this problem systematically and to take into account the effect of accumulating negative implications of the impact on the ecosystem.
Keywords: Global city; environmental responsibility; sustainable development; urban planning
JEL codes: F64
Article type: review article
CITATION (APA): Duginets, G., & Sarkisian, L. (2020). How Environmental Transformations Shaping Governance Practices in Global Cities? World of Real Estate Journal, 113(3), 45-57.
DOI: https://doi.org/10.14659/WOREJ.2020.113.04
