Metropolis Now ~ Longterm Rise of Cities...

Lex writes in the FT about Metropolis Now, the rise of cities...

"...the proportion of the world’s urban dwellers exceeded rural dwellers for the first time a couple of years ago. If you have money to invest, that is great news. Cities galvanise economic growth, lift incomes, allow comparative advantages to be exploited and provide economies of scale [...] Urbanisation is likely to have implications for investment and development patterns. São Paulo and Rio together account for 16 per cent of Brazil’s population but 30 per cent of its GDP. They should attract the lion’s share of inward investment [...] Global investors usually think in terms of countries. They should be paying more attention to cities."