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00:00TELL US BRIEFLY, HOW YOU CAME TO THE CONCLUSION THAT NEW YORK AND LONDON ARE GREAT FOR A PARTNERSHIP, BUT -- ENTRE NOUS A SHIP BUT SILICON VALLEY IS NOT IN THEIR -- THERE. >> WHAT WE DID WAS WE DESIGNED A FRAMEWORK FOR THINKING ABOUT POLICY IN THE AREA BY LOOKING AT WHAT GOES ON IN CITIES AROUND THE WORLD AND BRINGING THEM TOGETHER. WE ASSESSED 40 CITIES. WHAT WE MEASURED WAS NOT THE QUANTITY OF STARTUPS IN ANY PARTICULAR PLACE, OR THE AMOUNT OF VENTURE CAPITAL, BUT THE QUALITY OF THE ENVIRONMENT. THAT MEANT THAT SOME PLACES LIKE SILICON VALLEY, SAN FRANCISCO, BOSTON, MAYBE BERLIN, YOU WOULD EXPECT THEM AT THE TOP, THOUGH STRUCK DOWN SLIGHTLY. -- DROP DOWN SLIGHTLY. PLACES LIKE HELSINKI MOVED UP TO THE THIRD. MANY INITIATIVES COMING OUT OF THERE. THERE IS A GAMING INDUSTRY. THE GOVERNMENT IS QUIETLY DOING LOTS OF GOOD THINGS TO GIVE IT A CHANCE TO GROW. CAROLINE : BARCELONA IS INTERESTING, IT DID WELL IN A LOT OF THE AREAS, ALL APART FROM REGULATORY ENVIRONMENT. WHAT IS BARCELONA DOING SO WRONG? >> THEY ARE UNFORTUNATE IN THAT A COMBINATION OF GLOBAL CAUSE AND THE GOVERNMENT IN MADRID HAVE EFFECTIVELY BANNED UBE R AND AIRBNB FROM OPERATING. THEY DID BADLY, IT IS A SHAME BECAUSE THE REST OF THE CITY HAS BEEN DOING LOTS OF GOOD WORK TO TRY AND CREATE THE ENVIRONMENT. THERE IS NO POINT IN INVESTING MONEY IN STARTUPS IF YOU ARE THEN GOING TO BAN THEM. ANNA: YOU TALK ABOUT THE CITY REGULATORY ENVIRONMENTS AND MAYBE EVEN NATIONAL, ALL OF THE CREDIT OR DISCREDIT DOES NOT BELONG TO THE CITY'S PERHAPS. >> WE FOCUSED ON THINGS THAT CITIES CAN CONTROL. AS I SAID, THIS IS ABOUT TRYING TO HELP THEM MAKE BETTER POLICY. WE TRY TO FOCUS ON THINGS THEY COULD CHANGE THEMSELVES. IT IS NOT ALWAYS POSSIBLE TO HONE IN ON JUST THE THINGS THEY HAVE CONTROL. ANNA: TALK TO US -- CAROLINE: TALK TO US ABOUT WHAT LONDON NEEDS TO DO. >> LONDON CAME IN SECOND. IT IS GREAT, THERE IS NO DOUBT THAT LONDON'S TECH SCENE IS DOING WELL. IF YOU STEP BACK FROM THE ANALYSIS, IT IS HARD NOT TO BE LEFT WITH THE IMPRESSION THAT LOTS OF CITIES AROUND THE WORLD ARE JUST MOVING QUICKER. THEY ARE INVESTING HEAVY -- HEAVILY. IF LONDON WANTS TO MAINTAIN ITS POSITION, IT WILL HAVE TO POSSIBLY HIT THE ACCELERATOR MORE. LONDON DOES NOT HAVE THE KEY LEADERSHIP ADDITIONS IN PLACE THAT OTHER CITIES HAVE INDICATED FROM -- BENEFITED FROM. WE FOUND THAT CITIES THAT MAKE THOSE KINDS OF CHANGES, THE INSTALL THOSE POSITIONS, AND HE A CHANGE IN THAT PERFORMANCE. CAROLINE: IS VERY COOL INNOVATION THAT YOU HAVE SPOTTED IN ONE OF THE SMALLER CITIES THAT IS FORWARD THINKING THAT YOU THINK, LONDON AND NEW YORK NEED TO DO THAT IF THEY ARE GOING TO MAINTAIN THE CROWN. ANNA: WHAT ARE THEY DOING SO RIGHT? >> THE EYE IS DRAWN TO BE BIG AND SMALL SOMETIMES. AT THE BIGGER END, NEW YORK'S REDEVELOPMENT OF ROOSEVELT ISLAND INTO A GIGANTIC TECH COMPLEX IS IMPRESSIVE. THEY HAVE $400 MILLION OF LAND IN A MASSIVE PROJECT CORNELL UNIVERSITY. THEY'RE GOING TO CREATE A MASSIVE PIPELINE OF SKILLS FOR THE CITY. LOTS OF PEOPLE -- PLACES HAVE FREE PUBLIC WI-FI, MELBOURNE, DUBAI HAS IT, WHY SHOULDN'T LONDON? CAROLINE: THIS IS ABOUT BUILDING BUSINESSES. DO YOU AGREE THAT LONDON AND NEW YORK ARE WHERE IT'S AT? LENA: IT IS FASCINATING AS A MACROECONOMISTS, THAT WITH ALL OF THE THINGS WE USED TO JUDGE THE HEALTH OF THE MICRO FABRIC OF AN ECONOMY, THE GROWTH POTENTIAL, ACCESS TO SKILLS AND FINANCING, POLICY RISK IS ONE OF THE KEY THINGS YOU HIGHLIGHT. I LOVE THE FACT THAT THERE IS POTENTIAL IN LONDON TO DEVELOP FURTHER. I WONDER DO YOU THINK THERE SHOULD BE A PUBLIC SCHEME IN ROLLING OUT DIGITAL EDUCATION FOR OLDER PEOPLE LIKE ME? >> THERE IS A BIG QUESTION IS THAT BELONGS IN THE CITY OR A HIGH LEVEL OF GOVERNMENT. LONDON HAS SEEN SOME GOOD WORK IN THIS AREA. THEY BACK TECH APPRENTICESHIPS

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London Needs to Accelerate to Keep Up: Gibson

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