GLOBAL METRO MONITOR: A new report on the world’s largest 300 metropolitan economies, just released by the Brookings…
GLOBAL METRO MONITOR: A new report on the world’s largest 300 metropolitan economies, just released by the Brookings Institution, confirmed that Metro economies clearly power the world economy. An informative report in The Atlantic City Lab by Richard Florida summarizes the key findings.
The Brookings Institution’s Global MetroMonitor provides detailed data on economic activity for 300 metros worldwide. These 300 metros accounted for nearly half (47 percent) of all global economic output in 2014 and nearly 40 percent of global economic growth, while housing just 20 percent of the global population. The Brookings site offers downloads with the full report and press release.
But the level of economic development varies widely across cities and metropolitan areas. Metros in the United States and Europe have much higher levels of economic output per capita, though some metros in the developing nations are experiencing faster rates of growth. The world economy remains highly uneven and inequality has a geographic as well as an economic dimension.
Sources: The Atlantic City Lab (Jan. 22, 2015) and Brookings Global Metro Monitor (Jan. 22, 2015)
*Just cruising over the cities and looking at the economic mayhem of the New Depression