By John Macomber
(This is a current events FYI post. For your own graded blog posts you should analyze, disagree with, or extend articles like this with your own thinking or with concepts from the Sustainable Cities course. For the most part our blog is not meant to be a clipping service).
Quote from McKinsey Global Institute: “A massive wave of urbanization is propelling growth across the emerging world. This urbanization wave is shifting the world’s economic balance toward the east and south at unprecedented speed and scale. It will create an over-four-billion-strong global “consumer class” by 2025, up from around one billion in 1990. And nearly two billion will be in emerging-market cities. These cities will inject nearly $25 trillion into the global economy through a combination of consumption and investment in physical capital…. Yet few business leaders focus on the importance of cities when establishing growth priorities.”
More here: https://www.mckinseyquarterly.com/Strategy/Globalization/Unlocking_the_potential_of_emerging-market_cities_3015
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