According to Derek Thompson’s article for The Atlantic, the Brookings Institute recently published a ranking of the world’s 200 largest metropolitan economies. The Global MetroMonitor division of the Brookings Institute, published the report on January 2012. In this brief synopsis, he reveals the “10 Fastest-Growing (and Fastest-Declining) Cities in the World”. Among the fastest growing is Santiago, Chile, the only Latin American country in the top 10. The top 10 is primarily populated by Asian countries – China, Turkey and Saudi Arabia all have multiple cities in on the list. Conversly, the tail end of the list is dominated by Western European countries most affected by the economic downturn, with just two cities from the US – Sacramento, California and Richmond, Virginia.
The survey primarily focuses on their economic development comparing income and job growth, to say nothing of the cultural, societal, and political circumstances which may or may not be contributing the dynamism of each city’s economy. Thompson points out, two of the fastest growing cities in the world, Izmir, Turkey and Santiago, Chile are also among the poorest. Developing countries have the most to gain as they join the global economy but it may still be sometime before the economic growth balances a comfortable standard of living. Watch the interview with Alan Berube from MetroMonitor.
With all of that in mind, follow us after the break for a look at the list.
