7/11/2012

Towards Consuming Cities?

Cities and The rise of the consuming class. The title of a recent survey directed by McKinsey Global Institute. At least, a part. It, nevertheless, may confirm, to paraphrase Mahanth Joishy and Parag Khanna, that worldwide, a new class of global cities is emerging combining mega-populations, massive markets, and international ambition.
Still, a certain Michael Bloomberg, Mayor of New York City recently said:

We're the level of government closest to the majority of the world's people. While nations talk, but too often drag their heels — cities act.
Put it simply, cities are becoming more powerful economic actors in the world economy… than states. According to McKinsley Global Institute, the '600 cities',also known as 'City 600', that will make the largest contribution to a higher global GDP will also generate nearly 65 percent of world economic growth by 2025.
The City 600 comprises over 440 cities in emerging economies, also known as Emerging 440. Or over half of overall growth, new candidates in the global consuming world.
These charts, below, do not need any explanation.
© McKinsley Global Institute
The City 600 population in 2010 © McKinsley Global Institute
This Emerging 440 will require more resources to respond to its consumers' needs, a population estimated at over 600 million, by 2025. These include: land, food, energy, goods and services, water, housing, transport…
The City 600 Population by 2025 © McKinsley Global Institute
Global Cities of the Future © McKinsley Global Institute
© McKinsley Global Institute
© McKinsley Global Institute
© McKinsley Global Institute
City 600 Total GDP in 2010 © McKinsley Global Institute
The City 600 Total GDP by 2025 © McKinsley Global Institute
The City 600 Per Capita GDP in 2010 © McKinsley Global Institute
The City 600 Per Capita GDP 2025 © McKinsley Global Institute



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