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
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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
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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