New York, London and Paris may trip off the tongue as the world's top cities in terms of wealth but over the next 15 years emerging cities like Sao Paulo, Shanghai and Mumbai will give them a run for their money, says new research.The PwC estimates of city output are based on combining United Nations population estimates for cities in 2008 with estimates of GDP per capita at purchasing power parities, which equalise the approximate costs of living. It appears the measurement tool is a "gross domestic product per capita". are we making the same mistakes forecasters did in 1989 when it seemed Japan would take over the world? It will be interesting to look back in a decade or two from now to see how accurate this becomes. According to PriceWaterhouseCoopers, over the next 15 years the "top 5" cities in the world shall remain the same but a new class of entrants will be hurtling into the top 10. I admit I am fascinated by these type of projections / analyses, and since much of the anticipated world growth (and hence investment) will be headed along these lines, it fits perfectly with what we sort through weekly on the site.
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