via @atlanticcities
A new report from the McKinsey Global Institute, Urban world: Cities and the rise of the consuming class, finds that the 600 cities making the largest contribution to a higher global GDP—the City 600—will generate nearly 65 percent of world economic growth by 2025.
Of these 600 cities driving economic growth, 440 are located in emerging economies – mostly China, but also Latin America, South Asia and Southeast Asia. These are cities like Tianjin, Lusaka, Sanaa, Manila, Wuhan, Belo Horizonte, and Dhaka. The “emerging 440″ are expected to account for roughly half of global GDP growth between 2010 and 2025.
The other 160 cities in that top 600 – the developed 160 – will still play an important role in the economy, though to a lesser extent. As this chart shows, these cities were responsible for 36 percent of global GDP in 2010 but will only represent 17 percent of its growth in between 2010 and 2025.
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