Urbanization ushers in upstart industries, innovative ideas

By Spencer Smith, Director of Research

Originally posted on 1/26/17

Flying from Los Angeles to Washington, D.C. on a clear day, one cannot help but look down at miles of open land spotted with small towns and wonder, “With all that space, who’s down there?”

In 2009, for the first time in world history, the number of people living in urban areas surpassed the number living in rural areas. More recently, U.S. urban population growth began outpacing suburban growth for the first time since World War II.

This trend should continue for the foreseeable future, with the world urban population, by one estimate, expected to increase 84 percent by 2050. Cities are one of the most important inventions in human history.

Read the full article here.