MCKinsey: Center of Economic World will be Emerging Market Cities

February 25th, 2013
in econ_news, syndication

Econintersect:  McKinsey & Co is continuing to report its research on the changing nature of economic growth.  From 2010 to 2015 nearly 2/3 of global GDP growth will occur in 600 cities; nearly half will occur in 443 emerging market cities.  McKinsey predicts that around 1 billion middle class consumers will swell to more than 4 billion by 2025.  Half of these will live in the 443 emerging market cities.

Click on graphic for larger image.


Follow up:

In January GEI's Jillian Friessen reviewed the McKinsey research.  She found that not all agree that the world economy will become more city-centric and less organized by country.  However, she did discuss the importance of recognizing city-cluster centers in how the economy of China is developing.  The following map is from that article:

Click on map for larger image.


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