Global Cities Initiative - London

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The Global Cities Initiative, presented by Bruce Katz in London, UK on November 12, 2013.

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GLOBAL CITIES INITIATIVEA J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E

London, UK / October 29, 2013@bruce_katz #globalcities

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The world is rapidly urbanizing

2009

Global GDP

19.9%US

21.0%BIC Countries

Source: International Monetary Fund, World Economic Outlook Database, April 2013

21.0%EU

2018

Global GDP

28.2%BIC Countries

17.6%US

Source: International Monetary Fund, World Economic Outlook Database, April 2013

16.5%EU

Global Metro Population

2009

50%

Global Metro Population

2030

60%

Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2009

IndiaAfrica

31%39%

Urban Share of Total Population2010

82%

United States

79% 73%89%

China

Australia Latin America Europe

49%

Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2011

Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2011

China Africa India

+297 million by 2030

+227 million by 2030

+343 million by 2030

40%69% 48%

Urban Share of Total Population2030

Source: Boston Consulting Group, “Winning in Emerging Market Cities,” (2010)Photos: Wikipedia/Jonathan Olsson, Jeet221990, Flickr/United Nations Photos, Francisco Anzota

$30-$40 trilliontotal infrastructure investment required in emerging market cities, 2010 - 2030

Source: Boston Consulting Group, “Winning in Emerging Market Cities,” (2010)Photos: Wikipedia/Jonathan Olsson, Jeet221990, Flickr/United Nations Photos, Francisco Anzota

$13.8 trilliontotal housing investment required in emerging market cities, 2010 - 2030

Source: McKinsey Global Institute, “Urban World: Cities and the Rise of the Consuming Class,” (2012)

$200 billiontotal investment in increasing global port capacity by 2025

Photos: Wikipedia/Gussisario, USA Today, The New York Times

General Electric

37%of total revenue from growth markets, 2011

Caterpillar, Inc.

39%of total revenue from Asia Pacific & Latin America, 2011

Procter & Gamble

25%of total revenue from Asia & Latin America, 2011

AECOM

25%of total revenue from Asia Pacific 2011

28%of total revenue from Asia & Latin America, 2011

Siemens

IBM

24%of total revenue from Asia Pacific Market, 2011

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Metro areas are gatewaysto developing markets

The Top 100 Metros Concentrate Our National Assets

Share of U.S. Totals

Bachelor’sDegrees

74%92%

Patents Airline Boardings

92%

Population

66%

85%

ForeignBorn

90%

AdvancedIndustries

Service Exports

75%63%

Manufacturing Exports

Source: Brookings, ExportNation 2012

Top 100 Metro ExportsShare of U.S. Totals

Population

66%

Top 100 Metro Exports

Chemical Products

68%76%

Business/Professional

Services

Computer/Electronic Products

78%

Population

66%

Share of U.S. Totals

Source: Brookings, ExportNation 2012

Top 100 Metro Trade Logistics

U.S. Air Cargo Weight

82% 88%

Foreign Waterborne

Cargo Weight

Airline Boardings

92%

Population

66%

Share of U.S. Totals

Source: Brookings analysis of US Census Bureau, FAA, and PIERS data (2009)

Source: Brookings, ExportNation 2013

Metro Export Dashboard

HoustonHouston

Top 3 Export SectorsTop 3 Export Sectors

Petroleum and Coal Products 20.3%

Basic Chemicals 19.3%

Ags, Cons, MiningEquipment 13.4%

AtlantaAtlanta

Top 3 Export SectorsTop 3 Export Sectors

Air Transportation Services 6.8%

Aircraft Production and Parts 5.4%

Freight and Port Sevices 5.2%

DenverDenver

Top 3 Export SectorsTop 3 Export SectorsAircraft Production and Parts 7.4%

IT Royalties 7.2%

Petroleum and Coal Products 5.9%

46.7%goods share of exports

47.2%goods share of exports

71.9%goods share of exports

Metro areas are driving policy innovation

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3 METROINNOVATION

T h e 1 0 T R A I T S o f

G L O B A L LY F L U E N T

M E T R O A R E A S

Greenville, SC

1st FDI per capita

65th Metro population

Greenville, SC

$5 billioninvested locally

7,000jobs created

70%exports as share of production

1st FDI per capita

65th Metro population

Miami, FL

PORTMIAMIDeep Dredge Project

Port of Miami Tunnel

Intermodal Rail Reconstruction Project

Miami, FL

PORTMIAMIDeep Dredge Project

Port of Miami Tunnel

Intermodal Rail Reconstruction Project

$150 million project, funded solely through through state & local resources

Innovative public-private partnership

Financed with competitively-awarded federal funds to a partnership of the port, county & railway

Portland, OR $3.3 billiontotal exports

24.4 percentexport intensity

2xtotal exports 2003-2010

Portland, OR

HOUSING

AIR QUALITY

CONGESTION

Portland, OR

PORTLANDWEBUILD

GREENCITIES

GLOBAL CITIES INITIATIVEA J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E

London, UK / October 29, 2013@bruce_katz #globalcities

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