Time (May 2)
Urbanization is transforming the global economy and lifting millions out of poverty. A study from the McKinsey Global Institute shows that 20% of the world’s population resides in 600 urban centers, which “account for some 60% of worldwide GDP.” McKinsey believes the mix of urban areas will change dramatically by 2025. Emerging cities, and especially those in China, must be a focus for businesses that want to succeed globally. By 2025, 21 of the 25 top growth cities are forecast to be in the developing world, flanked by Tokyo, New York, London and Los Angeles from the developed world.
Urbanization is transforming the global economy and lifting millions out of poverty. A study from the McKinsey Global Institute shows that 20% of the world’s population resides in 600 urban centers, which “account for some 60% of worldwide GDP.” McKinsey believes the mix of urban areas will change dramatically by 2025. Emerging cities, and especially those in China, must be a focus for businesses that want to succeed globally. By 2025, 21 of the 25 top growth cities are forecast to be in the developing world, flanked by Tokyo, New York, London and Los Angeles from the developed world.
