No Picture
Trading Ideas

Megacities and the New Urban Economy

We’re seeing the rise of the concrete jungle.

According to U.N. estimates, nearly 70% of people will live in cities by 2050.

Some cities have grown so large in population and power that a new term has been coined for them: megacities.

But humanity’s rapid urbanization comes with problems.

Powering a city that large is a herculean endeavor – managing traffic is as well. There’s also the environmental impact to consider.

Regardless, the future is urban. The fortunes of entire nations will be decided in the cities that harness the best and brightest their countries have to offer.

One city that bridges Europe and Asia is …read more […]