Charting a 'Two-Speed' World

Derek Thompson discusses the findings of a new study from the Brookings Institution that ranks the world's 300 biggest cities by GDP and job growth over the past year. Put simply, China is growing and Europe is slowing.

A revealing analysis out this week in Brookings Global MetroMonitor shows the world's fastest growing and shrinking cities, reflecting "the accelerating shift of economic growth from developed metro areas in the global West towards developing metropolitan areas in the global South and East," say the report's authors.

As Thompson explains, "[t]he top 50 fastest-growing cities, by GDP per capita, are practically all in the developing Asian world. The top 18 are in China. The rest are in China, Indonesia (Jakarta), India (Chennai), and Australia (Perth). Of the world's fastest-shrinking cities, 42 of the bottom 50 were in the EU. The others included Dubai, Adelaide, Australia, and Albuquerque."

While the news is good for China at the moment, there are warning signs in the findings for the global economy. As Thompson asserts, "world markets rely on world-leading Chinese growth, and a clear deceleration in its economy -- even if it turns out to be good for wages, workers, and the China's necessary evolution into a modern consumer economy -- would result in hundreds of slower-growing cities around the world in 2013."

Full Story: The World's Fastest-Growing and Fastest-Shrinking Cities in 2012

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!