Urbanization and industrialization continue to reshape the world’s economic order, creating a global consuming class that will be four billion strong by 2025. Previous Urban world reports by the McKinsey Global Institute (MGI) have quantified the magnitude of the changes in the global consuming class and infrastructure investment that are under way as fast-growing cities in emerging regions gain share in the global economy. This report continues MGI’s urbanization research with a focus on understanding the global landscape for large companies—and how it will be reshaped by the rise of thousands of new corporate giants based in the emerging world. Although this trend is still in its early stages, it will continue to play out on an even greater scale in the years ahead, with far-ranging implications for industry competition and economic development.
Source : McKinsey Global Institute