A new way to look at the global economy: Today, 600 urban centers generate about 60 percent of the world’s GDP. Over 100 new megacities, mostly in China, will join this list by 2025. A new report forecasts that new hot spots will emerge and household wealth will surge in little-known urban centers.
As cities rise in economic importance, they also face enormous challenges, such as how to deal with explosive growth. How do we build the right infrastructure and reshape urban space? Design expert Geoff Wardle's prognosis is that cities will become more community-based in the near future. That means a typical commute in the future will be a few minutes instead of a few hours.