The role of mega cities in global and regional economies
How megacities contribute to the regional economy:
- Megacities are densely populated and thus contain a significant number of a country's workforce.
- As a result businesses are concentrated here which means that megacities contribute a significant amount of GDP to its regional economy.
- Megacities are also where business investment and government spending is concentrated as the policies and investment reach the largest concentration of people.
- Thus this make megacities massive trade and industry hubs which makes them produce most of a country's goods and services.
How megacities contribute to the global economy:
- As megacities make up a significant proportion of a country's GDP they can help dictate the economic growth that occurs in a country
- This causes them to have a great influence over the global economy because the growth and GDP of different countries can affect international trade and as a result other countries economies.