With respect to China, we have talked frequently about the great migration of people from the rural areas to the cities. The fact is, this is being played out around the world. At least one-third of the worlds population is currently, or about to be, on the move from rural areas to the world's cities. They are headed to what journalist Doug Saunders calls Arrival City.In a pattern that has played out throughout history, urbanization is exploding. Just as Europe and North America experienced this great migration in the 19th Century, the rest of the world is now joining the efforts for jobs and for hope. How this plays out, how the world, East and West, deals with this, could very well determine the success or failure of the 21st Century.
My conversation with Doug Saunders:
