Unlocking the Potential of Emerging Market Cities

By John Macomber

March 2

(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.”

McK Center of Gravity

More here:  https://www.mckinseyquarterly.com/Strategy/Globalization/Unlocking_the_potential_of_emerging-market_cities_3015

And below: 

Also of Interest
August 2011
Fulfilling the promise of Latin America’s cities
The region’s prosperity depends on the way its urban areas address their economic and quality-of-life challenges.March 2011
The world’s new growth frontier: Midsize cities in emerging markets
Over the next 15 years, 400 little-known cities will power global growth. Our narrated slideshow explores this new landscape of opportunity.
April 2010
India’s high-stakes urban challenge
The country’s cities are expanding explosively. A report from the McKinsey Global Institute considers how policy makers might respond. [includes audio]July 2008
Meeting the challenges of China’s growing cities
Urban areas are booming. Intelligent policies could make the good effects prevail over the bad ones. [includes audio]

The Chart Focus below is similar to the segment charts briefly touched up in the Sustainable Cities class.

Did you miss last month’s Chart Focus?How to compete in emerging markets
To gain economies of scale, many multinationals develop country-level strategies for each emerging market where they compete. Yet in China, for example, even nearby cities can differ greatly. Global firms should group the cities of emerging markets into clusters with common demographics, income distributions, cultural traits, media outlets, and transport links.