ALAN BERUBE and PHILIPP RODE examine economic and employment data in 150 of the world’s largest metropolitan economies located in 53 countries for their analysis "Global MetroMonitor: The Path to Economic Recovery". The Brookings Institution analysis shows that these metropolitan areas function as locations for high-value economic activity in their respective nations and world regions, accounting for 46% of world GDP with only 12% of the population.
They state that the the past two decades had seen a shift in the metro map with the emerging market metros closing their gap with higher-income metros due to increased mobility of capital, market reforms and offshoring, with this shift accelerated by the global financial crisis of 2007-09. They forecast a rise in demand from emerging middle-classes for consumer goods and services, improved public services such as infrastructure, environmental quality, and educational opportunities this could provide further opportunities for both low-income and high-income metropolitan economies.
They state that the the past two decades had seen a shift in the metro map with the emerging market metros closing their gap with higher-income metros due to increased mobility of capital, market reforms and offshoring, with this shift accelerated by the global financial crisis of 2007-09. They forecast a rise in demand from emerging middle-classes for consumer goods and services, improved public services such as infrastructure, environmental quality, and educational opportunities this could provide further opportunities for both low-income and high-income metropolitan economies.
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