Of the following latin american cities, which reveals the most global influence in its cityscape10/10/2023 ![]() ![]() Digital platforms enable people to be matched to jobs wherever they are. A rising number of digital jobs can be performed at a distance, and older knowledge workers may choose more flexible workĪrrangements in their jobs as they approach retirement. ![]() Manufacturing jobs tied to a factory location now account for less than one in ten jobs across developed regions many retail and service-sector jobs, the largest and fastest-growing job categories, tend to follow people. In the past, they used to follow job opportunities now those job opportunities can come to them. The modern digital era gives citizens the power of choice about where they live. Migration from rural to urban areas is slowing, but city-to-city migration continues. This radically changes the equation for the managers of cities that are the lifeblood of Latin American economies: the region’s 198 large cities-defined as having populations of 200,000 or more-are set to generate 65 percent of GDP growth in the period to 2025.Ĭities will increasingly need to compete to attract the people they need to thrive. ![]() From 2000 to 2015, employment grew at a compound annual rate of 2.3 percent, but between 20, that rate is expected to drop to less than half to only 1.1 percent a year. An expanding population has driven almost 80 percent of GDP growth over the past 15 years. Slowing population growth threatens the trajectory of growth across Latin America. Seizing the value of smart cities will require factoring citizens’ experiences and needs into the equation right from the outset. In Brazilian cities, smart city transportation could create up to $14 billion of value during this period. ![]() Worldwide, McKinsey estimates that smart cities have potential to create as much as $1.6 trillion of additional value, including considerable benefits to consumers, by 2025. The economic benefits of smart city management are increasingly clear. ![]()
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