Global cities 2030: future trends and market opportunities in the world's largest 750 cities – executive summary
The emerging markets of India, Brazil, and China in particular, have been the story of the century so far, with rapid economic development driving poverty reduction and rising prosperity on an unprecedented scale. Meanwhile, having recovered from a profound financial crisis, most of the developed world is starting to return to solid growth. But when look below the national level, it is the world’s major cities that are the powerhouses of global growth. Teeming with industry and services, brimming with innovation, and home to swelling and increasingly more skilled and diverse labour forces, the world’s 750 biggest cities today account for some 57% of global GDP. By 2030 the 750 look set to contribute close to a staggering US$80 trillion to the world economy (61% of total world GDP) and, with it, offer vast commercial opportunity for those who can serve their needs in everything from office space to cooking oil. The Oxford Economics Global Cities 2030 study is the indispensable source to navigating those opportunities to 2030. In this white paper executive summary, set out just some of the themes and insights that emerge from this unparalleled urban forecasting exercise.