Makes sense, but what intrigued me most were the statistics behind this conclusion:
- by 2025, half of global economic growth will come from 440 cities in emerging markets;
- by 2025, 440 emerging market cities will have more households with incomes of $20.000 or above than will the cities in developed economies;
- the contribution of the cities to economic growth of the country will vary from 94% (in China) to 70% in sub-saharan Africa (by comparison, it will be 64% in Europe;
- and last but not least, only 20% of executives are making location decisions at city level...
Plenty of opportunities ahead... Read more or download the report here.