Menu

CRITICAL ANALYSIS OF GLOBAL DEVELOPMENTS, TRENDS & IDEAS

Tag archive

Business Ecosystems

Chasing Innovation

in Business/Technology by

Urbanization has been the engine of modernization in Europe. For most citizens today, every event from birth to the grave including education, marriage, work and leisure, occur in cities. Cities are mirrors of cultures and regimes. McKinsey’s report entitled “Urban World: The Shifting Global Business Landscape” predicts the changes of the major cities in the next decade. According to the report, there are 8,000 companies that account for 90% of the total world GDP and third of those companies are located in 20 major cities that generate 40% of their revenue. McKinsey’s forecast shows that by 2025, there will be 15,000 companies to have headquarters in 330 cities, and 40% of these companies will be located in emerging economies. Additionally, according to UN’s estimations, between 2010 and 2050, over 40% of the world’s population will be living in cities. Other studies, such as the UN Habitat: State of the World’s Cities 2012/2013, present a prosperity framework which tries to achieve equitable distribution; where poverty is reduced, minorities have rights, genders have equal participation, energy is used efficiently and the quality of environment is increased. The UN also presents some facts regarding the rise in productivity with urbanization and they find two general categories…

Keep Reading

Go to Top