Chapter 2 Quick facts
- Over the last two decades, cities have emerged as the world’s economic platforms for production, innovation and trade.
- Urban areas offer significant opportunities for both formal and informal employment, generating a sizeable share of new private sector jobs.
- Urbanization has helped millions escape poverty through increased productivity, employment opportunities, improved quality of life and large-scale investment in infrastructure and services.
- The transformative power of urbanization has in part, been facilitated by the rapid deployment of Information and Communications Technology.