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A world city, or a world-class city, is a city with a set of somewhat subjective traits which often include the following:
Several powerful and influential media outlets with an international reach are based in the world cities, such as the BBC, The New York Times, Le Monde, The Times, and Pravda. Many of these cities are renowned tourist attractions.
New York, London, Paris, and Tokyo are often considered the top four world cities - not incidentally, they also serve as symbols of the global capitalism that won a definitive triumph at the end of the Cold War. Beyond these, most people have a personal subjective list, and any two lists are very likely to differ based on cultural background, values, and experience. A devout Muslim, for example, might feel that Mecca is a world city, an Arab that Cairo is one, an Australian that both Sydney and Melbourne are, all while rejecting the others' claims out of unfamiliarity or differing values.
In order to boost urban regeneration, tourism, and revenue especially in the wake of the massive decline of manufacturing-based economies and of decades of urban decay, the goal of building a world-class city has recently become an obsession with the governments and populaces of mid-size cities in the United States, such as Louisville, Columbus, Indianapolis, etc. Most of these would not be recognised outside the U.S. as "world cities." This phenomenon has also been observed in many other cities such as Sydney, Australia and Toronto, Canada which have recently emerged as large and powerful cities in mid sized countries.