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

| Jan 19, 2012

Odebrecht and Braskem bring sustainable award to U.S. university students

The Odebrecht Award for sustainable development rewards future leaders in engineering and chemistry.

| Jan 19, 2012

BOKA Powell-designed facility at Texas A&M Bryan campus

The new facility provides programs for the Texas A&M Health Science Center, the Texas Brain and Spine Institute, Mary Crowley Cancer Research Centers, and Blinn College Allied Health programs.

| Jan 17, 2012

SOM Chicago wins competition to design China's Suzhou Center

The 75-level building is designed to accommodate a complex mixed-use program including office, service apartments, hotel and retail on a 37,000 sm site.

| Jan 17, 2012

FxFowle and CO Architects form joint venture

FxFowle and CO Architects creates a dynamic alliance built on a shared dedication to collaboration in process, innovation in programming, and excellence in design. 

| Jan 17, 2012

Capital Engineering joins AECOM

With 160 employees based in Taipei and Kaohsiung, CEC specializes in environmental, water, hydraulic and land development engineering consulting services for clients in Taiwan's public and private sectors.

| Jan 17, 2012

SOM launches Los Angeles design studio

Expert team to join the firm's West Coast practice, focusing on innovative urban and environmentally sustainable design in Southern California

| Jan 16, 2012

2012 40 Under 40 applications due Friday, Jan. 20

Building Design+Construction's 40 Under 40 is open to AEC professionals from around the world who are under 40 years old, as of January 1, 2012.

| Jan 16, 2012

Mid-Continent Tower wins 25 Year Award from AIA Eastern Oklahoma

Designed by Dewberry, iconic tower defines Tulsa’s skyline.

| Jan 16, 2012

Suffolk completes construction on progressive operating suite

5,700 square-foot operating suite to be test bed for next generation of imaged-guided operating techniques.

| Jan 15, 2012

Hollister Construction Services oversees interior office fit-out for Harding Loevner

The work includes constructing open space areas, new conference, trading and training rooms, along with multiple kitchenettes. 

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