McKinsey Global Institute (MGI): defines itself as “the business and economics research arm of McKinsey & Co developed to deeply understand the evolving global economy. Our goal is to provide leaders in commercial, public, and social sectors with the facts and insights on which to base management policy decisions.”
more simply and broadly put: the branch of a major consulting management firm that analyzes global economies.
Urbanization* = urbanization is 1 of 6 topics (financial markets, labor markets, natural resources, productivity, competitiveness, growth, technology and growth are the other five) covered by MGI. MGI carries out rigorous analysis of data about cities. Cities according to MGI serve as the starting point or “economic dynamos” to understanding urbanization. Key factors include:
- rapid rates of urbanization ( → fast growing economies)
- consumption ↔ investment
- expansion of physical capital
- depletion/exhaustion of natural resources
- the rapid rise of “the consuming class”
- urban structural development (housing, offices, ports)
* urbanization vs urbanism (general): social forces of industrialization, capitalism and rationalization vs custom/state of mind/attitudes/sentiments linked to city dwelling.
MGI: Assessment of Value
- performs quantitative analysis and assessment of shifting demographics
- access to information through reports, podcasts, videos on their website (also McKinsey Quarterly) at no cost (suspect?)
- reputation/validity of research: information often cited in leading business publication (NYTimes/WSJ/Bloomberg)