The Economics of Cities

The Economics of Cities

This year for the first time in human history more people will live in cities than in the countryside. Fifty years ago, twice as many people lived in rural parts of the world. Looking forward, we are entering the era of megacities. By 2035, Beijing’s population will rise to 35 million from 15 million today, but cities, some of us couldn’t locate on a map, like Dhaka will have a population of 31 million.

Cities, even our own Dublin, attracts in all the money, the talent, the innovation and the companies, how will we manage this? What is the economics of mega cities, who will run them, collect the taxes, manage the resources and more critically, might we be seeing the end of the nation state and the start of the era of the city state?

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