Chapter 2 Quick facts

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