flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

What do Chengdu, Lagos, and Chicago have in common?

What do Chengdu, Lagos, and Chicago have in common?


By By Robert Cassidy, Editorial Director | April 5, 2011

They’re all “world middleweight cities” that are likely to become regional megacities (10 million people) by 2025—along with Dongguan, Guangzhou, Hangzhou, Shenzhen, Tianjin, and Wuhan (China); Kinshasa (Democratic Republic of the Congo); Jakarta (Indonesia); Lahore (Pakistan); and Chennai (India).

These “emerging middleweight” cities are among the “City 600,” the top 600 cities by contribution to global GDP growth from 2007 to 2005, as defined in a new report from McKinsey Global Institute: “Urban World: Mapping the economic power of cities”.

The 1.5 billion people who live in the City 600 (22% of world population) accounted for $30 trillion of GDP in 2007—more than half of global GDP. The top 100 alone generated $21 trillion, 38% of global GDP, according to McKinsey.

By 2025, these 600 cities will be home to 2.0 billion, a quarter of the world’s population, and account for $64 trillion, or 60% of global GDP.

The top 25 “hot spots” for GDP by 2025 include (in rank order) New York, Los Angeles, Chicago, Dallas, Washington, D.C., Houston, Philadelphia, Boston, and San Francisco, along with such places as São Paolo (Brazil), Rhein-Ruhr (Germany), Mexico City, Randstad (Netherlands), Shanghai, Beijing, and Hong Kong.

Other key findings of the McKinsey study:

• By 2025, the makeup of the City 600 will change as the center of gravity of the urban world moves south and east. One-third of developed market cities will no longer make the top 600.

• By 2025, up to 136 new cities will enter the City 600 list, all of them from the developing world—100 of them from China alone, including Haerbin, Shantou, and Guiyang.

• India will contribute 13 newcomers to the City 600 list, including Hyderabad and Surat. Latin America will add eight, notably Cancún (Mexico) and Barranquilla (Colombia).

• About 310 million more people of working-age population will live in the City 600 by 2025—almost 35% of the expansion of the global workforce, almost all of it in emerging markets and two-thirds in China and South Asia.

What do all these fascinating data points mean to the design and construction industry, and to you as an AEC professional? In a nutshell, the McKinsey people are saying, If you want to grow your business—and your career—over the next 15 years, you must look to foreign climes.

It is in the emerging cities that GDP will be growing at a faster rate than global GDP. Where the workforce will be expanding more quickly than in the rest of the world. Where demand for housing, retail shops, schools, libraries, museums, data centers, universities, office buildings, religious centers—all the magnificent structures you and your firms create and build—will be accelerating at a hyperfast rate compared to the growth, if any, in much of the developed world.

To be competitive in the coming decade and a half, AEC firms and professionals are going to have to shift their lines of sight eastward and southerly, to places with names like Luanda, Chongqing, Dhaka, Colombo, and Grande Vitória.

Related Stories

| Jun 30, 2014

Zaha Hadid's Iraq Parliament complex design marred with controversy

Zaha Hadid's design for the Iraq Parliament was selected, despite placing third in the original RIBA-organized competition.

Sponsored | | Jun 27, 2014

SAFTI FIRST Now Offers GPX Framing with Sunshade Connectors

For the Doolittle Maintenance Facility, SAFTI FIRST provided 60 minute, fire resistive wall openings in the exterior using SuperLite II-XL 60 insulated with low-e glazing in GPX Framing with a clear anodized finish. 

| Jun 26, 2014

Glazing offers peace-of-mind for hurricane season

SPONSORED CONTENT As hurricane season kicks into high gear, it reinforces the importance of balancing the aesthetic and daylight enhancements of glazing with the safety requirements to protect people and structures from hurricane-force winds.   

| Jun 26, 2014

Plans for Britain’s newest landmark brings in international cooperation

Designers of the London Eye will team up with companies from France, the Netherlands and the United States to construct i360 Brighton, the U.K.'s newest observation tower.

| Jun 25, 2014

The best tall buildings of 2014

Four high-rise buildings from multiple continents have been selected as the best of their region. The best worldwide tall building will be announced November 6. 

| Jun 25, 2014

AIA Foundation launches Regional Resilient Design Studio

The Studio is the first to be launched as part of the AIA Foundation’s National Resilience Program, which plans to open a total of five Regional Resilience Design Studios nationwide in collaboration with Architecture for Humanity, and Public Architecture.

| Jun 25, 2014

Frank Lloyd Wright’s Spring House, Cincinnati’s Union Terminal among 11 Most Endangered Historic Places for 2014

The National Trust for Historic Preservation released its annual list of 11 Most Endangered Historical Sites in the United States for 2014.

| Jun 25, 2014

Best of Britain: 56 buildings make it to the RIBA Stirling Prize's longlist

The longlist for the 2014 prize includes Foster + Partners' Marseille and London's now-famous Shard, designed by Renzo Piano. 

| Jun 25, 2014

Green Building Initiative Announces New Appointments to Board

Glumac consulting engineer CEO Steve Straus and Plum Creek director of real estate Doug Cole join GBI's board of directors.

| Jun 25, 2014

Taking a page from Lean manufacturing for improved design review processes

SPONSORED CONTENT As more building project teams look for ways to collaborate better, technology continues to provide solutions.  Yet, as I learned from the experience of one of my customers, choosing the wrong technology can have an underwhelming effect, causing a team to simply swap out old challenges for new ones. 

boombox1
boombox2
native1

More In Category

Museums

UT Dallas opens Morphosis-designed Crow Museum of Asian Art

In Richardson, Tex., the University of Texas at Dallas has opened a second location for the Crow Museum of Asian Art—the first of multiple buildings that will be part of a 12-acre cultural district. When completed, the arts and performance complex, called the Edith and Peter O’Donnell Jr. Athenaeum, will include two museums, a performance hall and music building, a grand plaza, and a dedicated parking structure on the Richardson campus.




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021