Type of paper:
City, Growth, Economics, Town, Urbanization, App, Emerging Markets, Market
Three critical issues
According to the article urban centers are historically credited with significant economic growth. It follows that the expansion of urban centers would continue to play a critical role in the economic shifts all over the world. Economist needs to have a precise evaluation of the rate of growth of the cities to predict the economic changes.
The app provides an interactive map comparing up to two thousand, six hundred cities. The app gives the GDP, the population, and the income levels of 2010, and the situation in 2025. From this information, historians, city planners, and cooperate strategist can make informed decisions based on the projection for 2025. The growth in some cities can exceed the economic growth of the entire nation making the focus on the urban centers paramount. For instance, the GDP for Istanbul in 2010 was almost the same as that of Vienna. However, by 2025, the GDP for Istanbul would be comparable to that of Austria. At the same time, the GDP for New Delhi, and that of Auckland were equal in 2010, but by 2025, the GDP for New Delhi would be are big as that of the whole country (New Zealand).
Further, the app reveals that by 2025, the consumption rate for the citizens in emerging markets would reach $30 trillion. As a result of the growth, the GDP for these regions would surpass that of the developed countries. Therefore, the sustained success of investments lies in the emerging markets. However, that does not come without challenges. There is no sufficient capital in these emerging markets. Those multinationals already in the developing regions derives only seventeen percent of their capital from them.
What are some of the methods for overcoming the challenges in the emerging market regions?
"Urban World: A new app for exploring an unprecedented wave of urbanization" Insert Name of Site in Italics. N.p., n.d. Web. 03 Feb. 2016 <http://www.mckinsey.com/insights/mgi/in_the_news/urban_world_app>
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Good Example Of Essay On Mckinsey & Company Urban Analysis App. Free Essay Examples - WowEssays.com. https://www.wowessays.com/free-samples/good-example-of-essay-on-mckinsey-company-urban-analysis-app/. Published Dec 29, 2021. Accessed August 16, 2022.