7 principles of good governance for the post-pandemic city

SourceWorld Economic Forum
SectorEconomy
CountryMiddle east

• The pandemic will cause significant disruption in how cities are managed. • Cities with stable governance based on a consensus for future development will fare better. • City governments must view the real-estate industry as a partner in shaping this vision. The COVID-19 pandemic has exposed just how vulnerable cities are to external shocks. Debate is now raging on the future path that cities will take, with some even speculating that urbanization will go into reverse. The reality is that we all continue to live in an age of urbanization. How cities perform will matter even more than ever. Over the coming years, our cities will continue to face significant disruption.

Changes to lifestyle and work preferences, combined with technological advancement, have the potential to radically alter urban location patterns, and change how our cities and buildings are used. Pressures to move to a low-carbon economy and build a more equitable society will intensify, requiring fast-track routes to creating green infrastructure, embracing the circular economy, developing affordable housing and new, sustainable mobility solutions. Some cities will be much more successful at responding to these challenges than others, at “building back better” and capturing the economic opportunities that emerge in the next cycle of ...read more...