February 25, 2013
Rapid urbanization spurs growth in emerging markets
Rapid urbanization spurs growth in emerging markets. As a result the world's economic balance shifts towards the east and south.
According to the McKinsey Quarterly, a consumer class with more than 4 billion people will be created by this trend in 2025. In 1990 this group comprised only one billion members.
New Urban Areas
By 2025, half of this new consumer class will live in the emerging world cities. Together, these nearly 440 new urban areas will account for nearly 50% of the expected global GDP growth between 2010 and 2025.
Read the article: Unlocking the potential of emerging-market cities
Check out the interactive map with city specific highlights about these new economic hot spots in 2025 >>