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Not sure if anyone has seen this. McKinsey recently released a global study regarding population, density, and GDP growth in the urban world. Many interesting facts, figures, and projections. Plus an insightfull interactive map.
Conclusion: Most of the world's growth through 2025 will be happening in in Middleweight cities (actually metros), many that you may never have heard of, and not in Megacities (Megacities are considered metros greater than 10 Million people.) http://www.mckinsey.com/mgi/publicat...ull_report.pdf
P.S. Keep in mind for the US, they are using the MSA which may or may not tell the full story for certain affected metros!
With all due respect to you Rhymes, this is pretty meaningless in a nutshell. The real answer is that the economies of tomorrow are the ones establishing a trade and commodity base with emerging economies in Latin America & Asia. That is where the global economic expansions are headed.
The Pacific Rim cities, and much of the Gulf Coast Cities are going to be seeing the economic developments around that. Trade with the likes of Brazil, China, Thailand, Malaysia, India will go up and has been for many years prior to this. Your articles are further proof of that, taking a look at all the prosperous projected regions, many of which constitute municipalities in the area I'm referring too.
By 2025 its expected to see 13 new megacities and the only one from a developed nation is Chicago... really explains it right there. Lots of Asian mega cities are too large and drawn into high poverty, their smaller counterparts emerging in their respective nations can learn from those mistakes and adapt to be more competitive, IMO
On page 28 of the report i was surprised to see that the US will lose 3 cities that are currently considered top 25 economies by 2025 and add no new ones. Projected to drop from top 25 are Atlanta, Detroit, and Miami. Also surprised that Milan is also expected to drop and wow all thoses Asian newcomers...
So bizarre and yet exactly why I am beyond cautious of getting on the China economic bandwagon.
That report just highlights one of my reservations about them: Unlike capitalist countries where companies, investment firms, banks and developers have actual laws to abide by (LOL) and stock holders to please Chinese companies and the government don't have any of that. They can pretty much do and build whatever they want with little to no consequence.
Workers are exploited in near slave labor conditions in the various factories across the country, their currency is artificially devalued as to keep costs low and competition high against developed countries, and workers rights are non-existent.
My prediction is that within 10 to 15 years the whole thing is going to come crashing down.
With all due respect to you Rhymes, this is pretty meaningless in a nutshell. The real answer is that the economies of tomorrow are the ones establishing a trade and commodity base with emerging economies in Latin America & Asia. That is where the global economic expansions are headed.
The Pacific Rim cities, and much of the Gulf Coast Cities are going to be seeing the economic developments around that. Trade with the likes of Brazil, China, Thailand, Malaysia, India will go up and has been for many years prior to this. Your articles are further proof of that, taking a look at all the prosperous projected regions, many of which constitute municipalities in the area I'm referring too.
That's probably why Dannyy and a few others believed that Houston is going to catch up to DFW in population and distance itself from the area. It will also become even a larger powerhouse than it is now and its mostly to do with the port.
That's probably why Dannyy and a few others believed that Houston is going to catch up to DFW in population and distance itself from the area. It will also become even a larger powerhouse than it is now and its mostly to do with the port.
I think Houston & Dallas have a good system setup along with the rest of the Texas Triangle cities. Each city performs a certain task better than the other, and all need each other. They are complimentary, and its a very good thing they're all in one state much like the California cities which also compliment each other as such. It definitely pays off having multiple large and varying cities (economically) in the same state, they can be governed by the same process (state level) and follow up on the same pace.
I do think in international trade that Houston will easily have a strong leg up on Dallas, however on national trade that's where Dallas will have a leg up on Houston although not in a strong manner as Houston has a good share in national trade too but nothing like Dallas of course. Houston will import and export and Dallas will distribute, which is much like what it is today except with the focal of the global economy headed in the South to Latin America and across the Pacific to Asia, it will be on a larger scale.
I was reading up on the Texas Triangle & California Mega Regions just a few nights ago, if the cities in both states can get a better transportation system going to keep pace with their population increase, they can manage. They're both decentralized states economically where each city plays a vital but irreplaceable role to the state.
For example economically Houston is everything Dallas lacks and Dallas is everything Houston lacks, they make a good team and always have much like the California cities that have made the Golden State the number one state in the country. I don't think either city will have the ultimate leg up on the other in the foreseeable future and I believe the same for California between the two big metros there.
As for China, I don't think their boom is sustainable. They're booming today but I don't think China in many years has thought of what would happen if they suddenly had a burst, which is inevitable no economy in the world has carried forth to boom forever. It's a boom and bust cycle or boom and destruction after bust. China is going to have to set a better social structure to accommodate its future.
Last edited by Social Network; 04-13-2011 at 02:57 PM..
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