• $ 1.7
  • € 1.9741
  • ₽ 0.021739
  • ₺ 0.0429
  • £ 2.3146

By 2050, the world economy will revolve around 600 cities — Kjell Nordström


By 2050, the world economy will revolve around 600 cities — Kjell Nordström
04.06.2025 14:30

By 2050, 80–85% of the world’s population will live in cities. This was stated by Swedish economist and management expert Kjell A. Nordström during an event held in Baku.

According to him, currently 64% of the population lives in cities and 36% in rural areas. If this trend continues, people will be concentrated on just 2% of the planet’s land surface.

“One hundred years ago, only 10% of the population lived in cities. Today, this figure has reached 64%. Over the next 20 years, it will rise to 85%,” Nordström said.

The expert noted that in the future, the global economy will revolve not around 4,000 cities, but around approximately 600 cities, which will account for 90% of global economic activity.

He pointed out that Istanbul already has a population of 14 million, while Tokyo has 37.6 million people, and by 2050, Tokyo’s population is expected to reach 52 million.

Nordström emphasized that the process of urbanization is not only a geographic shift but also a profound transformation of economic and social structures.

“This process is unfolding worldwide, regardless of politics, religion, or the political color of governments,” he stated.

He also stressed that technology will not be able to alter this trend.

“Cities offer people hope — the hope to find a good job, to start a business, to find a life partner. Technology cannot replace that,” Nordström added.

As an example, he cited Siemens’ new strategy, noting that major corporations are shifting from multinational to multi-urban models, planning their activities not by countries but by cities.

“We are leaving the era of nation-states and entering the age of cities,” he concluded.

N. Tebrizli

Similar news
Similar news
Azerbaijan approves new court documentation regulations
Society 15:00
Azerbaijan approves new court documentation regulations
Scientists in China discover two deadly new viruses
Society 11:30
Scientists in China discover two deadly new viruses
No rise in radiation near Iran border – Azerbaijan ministries
Society 18:15
No rise in radiation near Iran border – Azerbaijan ministries
Azercell and PASHA Insurance launch exclusive 30% discount for Azercell Premium users
Society 17:30
Azercell and PASHA Insurance launch exclusive 30% discount for Azercell Premium users
Azerbaijan court indicts Toplum TV co-founders in smuggling and tax evasion case
Society 15:00
Azerbaijan court indicts Toplum TV co-founders in smuggling and tax evasion case
Azerbaijan joins international education technology summit in Istanbul
Society 17:00
Azerbaijan joins international education technology summit in Istanbul
Italy and China evacuate citizens from Iran via Azerbaijan
Society 16:00
Italy and China evacuate citizens from Iran via Azerbaijan
Azerbaijani police register 55 new crimes in one day – Interior Ministry
Society 14:30
Azerbaijani police register 55 new crimes in one day – Interior Ministry
Bakcell’s brand strategy featured in the “Essentials of Modern Marketing” - Azerbaijani Edition
Society 12:59
Bakcell’s brand strategy featured in the “Essentials of Modern Marketing” - Azerbaijani Edition
Anews TV

Our official Youtube channel

Subscribe