May 30, 2010

Megaregions in Asia

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Just over half the world now lives in cities but by 2050, over 70 percent of the world will be urban dwellers. By then, only 14 percent of people in rich countries will live outside cities, and 33 percent in poor countries.

The largest and most developed mega-region is, unsurprisingly, in China. The Hong Kong-Shenhzen-Guangzhou region is home to over 120 million people and it is here where a significant chunk of China's economic boom is happening.

The case of the Hong Kong-Shenzhen-Guangzhou region is exemplary: three very strong financial centers, with their own relative independence and history and openly encouraged, promoted and enhanced by the Beijing government. This is now the leading growth engine for China's economic future.

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