![]() ![]() And financial resources often are scarce, as is true in Chicago, which faces overwhelming pension debt and severe budget deficits at City Hall and the public school system.ĭaalder suggests aligning the efforts of Chicago's internationally focused organizations, from corporations and universities to cultural institutions and civic alliances. Trips abroad can be viewed as wasteful junkets. Still, convincing Chicago and other North American cities to devise and aggressively pursue a far-reaching foreign policy can be a tough sell, observers say. Now city officials are touting Beijing-based Wanda Group's recently announced plans for a nearly $1 billion riverfront hotel and condo tower as a sign that the city is gaining currency among foreign investors. ![]() The city also signed cooperation pacts with Mexico City and eight cities in China. Mayor Rahm Emanuel's administration has tried to heighten the city's global visibility by hosting such events as the NATO Summit and the World Summit of Nobel Peace Laureates, both in 2012, and the U.S.-China Joint Commission on Commerce and Trade meeting last year. World Business Chicago, the not-for-profit that acts as the city's business attraction arm, will work with the council, said Andrew Spinelli, director of global strategic initiatives for WBC. "Chicago is just a little bit behind the curve."įollowing the forum, the Chicago Council on Global Affairs will develop a "more effective" international strategy for Chicago by year-end, said Ivo Daalder, president of the council, a nonprofit think tank. Chicago also "has been a little more insulated than coastal cities from a sense of the larger world outside," Barber said. While Chicago often ranks among the top global cities, in recent years it has seen anemic growth in exports and in foreign investment in new projects here. ![]()
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