In the 1990s, as the digital revolution began to gather pace, some social commentators speculated that it would lead to the death of the city. People’s geographical location would become less important, the argument went, as they came to interact mostly in cyberspace. Two decades on, the opposite has happened: human beings continue to live very much in the physical realm, and early this century passing the turning point of more people living in urban than rural areas.
The UN predicts that by 2050 the world’s urban population will be as big as the world’s total population in 2002. But what will the cities of tomorrow be like? People continue to be drawn to cities by the economic, social and creative opportunities they offer; large cities are more productive than rural areas, producing more patents and yielding higher returns on capital.
McKinsey estimates that the world’s top 100 cities will account for 35 percent of global GDP growth between now and 2025. However, urbanization also presents major challenges. The world’s fastest growing cities have seen problems adjusting to growth and industrialization, choking under the burden of pollution, congestion and urban poverty.
Read more in the article below.