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We’re used to thinking of high-tech innovation and startups as generated and clustered predominantly in fertile U.S. ecosystems, such as Silicon Valley, Seattle, and New York. But as with so many aspects of American economic ingenuity, high-tech startups have now truly gone global. The past decade or so has seen the dramatic growth of startup ecosystems around the world, from Shanghai and Beijing, to Mumbai and Bangalore, to London, Berlin, Stockholm, Toronto and Tel Aviv. A number of U.S. cities continue to dominate the global landscape, including the San Francisco Bay Area, New York, Boston, and Los Angeles, but the rest of the world is gaining ground rapidly.

Toronto Mayor John Tory’s resounding victory last month gave him an “historic mandate,” as he put it. He’ll need it, because the city he is leading is badly stuck, unable to address the deep challenges it faces. Indeed, the mayor must use his hard-won political capital to make headway on four key fronts.

First and foremost is affordable housing. Tory has said he will make housing and housing affordability a priority of his second term, declaring that “we must do more to speed up the increase in supply of affordable housing.”

lobalization strikes again. The latest target is entrepreneurship.

For decades, promoting start-up firms through venture capital and other methods of business investment seemed a peculiarly American strength. It has nurtured countless tech firms, including titans such as Facebook, Google and Apple. Americans have been duly proud. It reinforced a sense of national exceptionalism, because other countries couldn’t easily duplicate it, if at all.