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- ESSENTIAL Megacities
16.11.2016
The Pull of the Cities
New York greeted its 10 millionth inhabitant in the 1950s and became the first true megacity. Today, the American metropolis stands at about 19 million inhabitants. But other cities have long pulled ahead of New York. In greater Tokyo the population has almost quadrupled to about 38 million. Delhi, Shanghai, Sao Paulo, Mumbai, Mexico City, Beijing and Osaka all exceed the 20-million mark.
The urbanization trend has been uninterrupted. A UN-Habitat study forecasts that nearly two-thirds of all people worldwide will live in a city by the year 2030. Researchers expect population increases of more than 10 percent in Delhi (India) and Lagos (Nigeria) – and that’s annually.
The true weighting of megacities in the overall global scheme first becomes clear from economic figures. According to a study of the economic output of megacities by business consulting firm PwC, New York City generates overall economic output of U.S. $1.4 trillion a year and with results like these, it can compete with most national economies. Canada, Spain and Turkey are each only slightly higher. The OECD expects this trend to continue since opportunities, talents and investments are increasingly concentrated in metropolitan areas.
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