Trends : The Shifting Urban Economic Landscape, What Does It Mean for Cities?
Cities are the driving force of economic growth. According to the United Nations, more than half the world's people now live in urban areas - in towns and in cities of all sizes. By 2025, the urban population is expected to have grown by anoth...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/11/18868584/trends-shifting-urban-economic-landscape-mean-cities http://hdl.handle.net/10986/17589 |
| Summary: | Cities are the driving force of economic
growth. According to the United Nations, more than half the
world's people now live in urban areas - in towns and
in cities of all sizes. By 2025, the urban population is
expected to have grown by another billion people, a huge
majority of them in developing countries. At that point, 2.5
billion people - more than half the world's urban
population will likely live in the burgeoning cities of
Asia. China is expected to have more than triple, and India
double, the number of urbanites in the United States today.
Urbanization is not new. For centuries, people have packed
up and moved from their rural homes in search of better-paid
urban livelihoods. But today's urban shift is
unprecedented in scale and speed. It is no hyperbole to say
that one is amid the most significant economic
transformation the world has ever seen. |
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