![]() Fast pace of life is one of the reason of living in a city for many people. Korea constructed an expressway network, total length of 2,600km, between 1970 through 2000.Įveryone is busy in doing something or the other. Well-connected inter-city and intra-city regions mitigate these impacts, and result in larger labor markets, increase employment opportunities, and reduce congestion costs. Why is it important for the different cities to be linked? An example of a settlement with “city” in their names which may not meet any of the traditional criteria to be named such include Broad Top City, Pennsylvania (population 452). 80% of global GDP is already generated in cities.Ĭities serve as administrative, commercial, religious, and cultural hubs for their larger surrounding areas. They usually have higher GDP per capita, higher levels of education, and greater rates of innovation and business formation than the average for their host countries. It’s no surprise that New York City, home of Wall Street and the United Nations, is viewed as the world’s most important city.Ĭities are the economic engines of the world. ![]() What are the three most important cities in the world?Ĭheck out the world’s most influential cities below. Cities are an important source of jobs for workers living in towns, with 18 per cent of them commuting to cities in 2011 (accounting for 791,000 jobs). The most obvious direct link between cities and towns is through commuting. Why are cities and towns important?Ĭities provide jobs, particularly high-skilled ones, to town residents. Together, they are doing more to increase their efforts to share best practices on safety, environmental, educational, and community integration issues. It is becoming increasingly obvious that large cities are centers of economic, political, cultural, and community life. ![]() OECD studies showed that, for each doubling of population size, the productivity level of a city increases by 2-5% as a result of better labour distribution, education, entrepreneurship, spread of ideas, etc. 8 Which is the most developed city in the world?Ĭities are estimated to generate 80% of all economic growth.7 Why are cities so important to the world?. ![]() ![]()
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