![]() Q: Why are cities and metropolitan areas so important to the U.S. recently spoke to Bruce Katz about capitalizing on the potential for metropolitan areas to be the engines of economic prosperity and social transformation in the United States. metropolitan areas reorient their economies toward greater engagement in world markets. The Global Cities Initiative, a joint initiative of the Brookings Institution and JPMorgan Chase & Co., aims to help leaders in U.S. economy is really made up of all of its individual metropolitan economies so driving progress in metro areas leads to growth for the nation as a whole. īruce Katz, co-director of the Global Cities Initiative and vice president of the Brookings Institution, has called this shift the “metropolitan revolution.” The U.S. metro areas (there are close to 400 in total) occupy 12% of the nation’s landmass, and yet they generate 68% our jobs, 75% of our national GDP, and are home to 65% of the population. Despite their scale, metropolitan areas also produce a disproportionate amount of output for the United States. By 2050, 70% of the global population will call urban areas home. ![]() ![]() Metropolitan areas are home to large-scale innovation, quality jobs and global economic opportunities - and, now, the majority of the world’s population. ![]()
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