1. Digital payments in transportation can help developing cities drive economic growth
- Author:
- Ammar A. Malik
- Publication Date:
- 12-2018
- Content Type:
- Commentary and Analysis
- Institution:
- Urban Institute
- Abstract:
- Over the next decade, cities in developing markets will drive global economic expansion. McKinsey predicts that 440 cities in emerging markets will generate half of all growth through 2025. To realize the potential of urbanization, developing cities need to become denser, easier to navigate, and more adept at using data to deliver public services. Inefficient public transit has posed a significant challenge to urban areas around the world. 1.2 billion trips are made using public transit every day, but the share of trips via public transit has declined in developing cities from 35.5 percent in 1995 to 23.7 percent in 2012.
- Topic:
- Development, Economic Growth, Cities, and Digital Policy
- Political Geography:
- Global Focus