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16.11.2016 | News
The Pull of the Cities
Rome had about 1.5 million inhabitants around the year 300 A.D. It was the first megacity. The phenomenon of urbanization is nothing new – but its impact today is unparalleled in human history.
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.
You want to learn more? The complete article and many more exciting stories can be found in the new edition of our customer magazine "ESSENTIAL", is available now at https://www.fst.com/corporate/magazine/overview/. Or order your printed copy today at: https://www.fst.com/corporate/contact/
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