![]() ![]() It is a common misperception that megacities have been driving global growth for the past 15 years. A strategy focused on this combination will be insufficient for companies seeking growth. But these regions and very large cities in developing economies are likely to generate only an estimated one-third of global growth to 2025. Until now, a company strategy focused on developed economies together with emerging-market megacities (with populations of ten million or more) has made sense-this combination generates more than 70 percent of global GDP today. And the top 600-the City 600-will generate 60 percent of global GDP growth during this period. The top 100 cities ranked by their contribution to global GDP growth in the next 15 years-we call this group the City 100-will contribute just over 35 percent of GDP growth to 2025. To help companies find growth opportunities and policymakers to manage the increasing complexity of larger cities more effectively, MGI has built on its extensive research on the urbanization of China, India, and Latin America to develop Cityscope, a database on more than 2,000 metropolitan areas around the world, the largest of its kind.Ĭompanies looking for cities that will generate the most GDP growth will find another different list of potential urban hot spots. By 2025, 136 new cities are expected to enter the top 600, all of them from the developing world and overwhelmingly-100 new cities-from China. The 220 largest cities in developing-regions contributed another 10 percent.īut by 2025, one-third of these developed-market cities will no longer make the top 600 and one out of every 20 cities in emerging-markets is likely to see its rank drop out of the top 600. Half of global GDP in 2007 came from 380 cities in developed-regions, with more than 20 percent of global GDP coming from 190 North American cities alone. Today, major urban areas in developed-regions are, without doubt, economic giants. Over the next 15 years, the center of gravity of the urban world will move south and, even more decisively, east. ![]() While 600 cities will continue to account for the same share of global GDP in 2025, this group of 600 will have a very different membership. Today only 600 urban centers generate about 60 percent of global GDP. ![]()
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