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The Macro Brief by HSBC Global Research
Can cities absorb a billion people?
Mar 15, 2024
Exploring the challenges of urbanization with a focus on infrastructure in mega cities, comparing China's success with India's struggles. Also, discussing the impact of Japanese Yen fluctuations and economic reports in Asia, along with insights on trade integration and ESG sentiments.
17:21
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Quick takeaways
- Rapid urban population growth in emerging markets drives the need for essential infrastructure development.
- Urban primacy can negatively impact economic performance, highlighting the importance of strategic urban planning and infrastructure investments.
Deep dives
The Urbanization Trend: A Billion More in Cities
Over the next decade, the global urban population is projected to increase by about a billion people, mainly driven by emerging markets. Despite declining populations in developed economies, emerging markets still experience significant urban growth due to higher birth rates. Remote working's impact on urbanization varies between developed and emerging markets, with the latter continuing to attract populations for better access to essential services and jobs.
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