By Cathy Palmer
Cities are the driving force behind the global economy: According to McKinsey, just 600 cities are responsible for 60 percent of the global gross domestic product – and the number of people living in cities is expected to increase from 3.6 billion in 2010 to 6.3 billion in 2050.
What strategies can cities adopt to plan, build and maintain themselves as centers of innovation and economic growth?
Design trends for future cities
Before discussing investment strategies, it’s worth considering why cities have been growing for the last 5,000 years. In short, it’s because they have proven to be an incredibly durable and productive economic model. The shift to urban living is helping to increase the incomes and purchasing power for millions around the world.
Infrastructure plays a critical role in a city’s success, providing the energy, water, transportation, waste management and access to food and manufactured goods. Vital to a city’s well-being, infrastructure supports more than basic needs; it encourages the ability to interact, communicate with ease and share ideas – the fundamental basics of innovation and future economic growth.
Today people move to cities for many reasons, including access to jobs, schools, services and culture. What will the city of the future look like? Quality of life is likely to be even more important in years to come, and factors like sustainability, resiliency, energy efficiency, quality housing and schools, safety, and even happiness will be requirements. Cities will be adaptive, collaborative, walkable, and everyone will have access to public services and public transportation. Click to continue reading »
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