The 20 Hottest Metropolitan Areas In The World

shanghai from jin mao tower

Sure, global growth has decelerated significantly lately.

But many cities in the world just aren’t feeling the squeeze.

The Brookings Institution has released its annual survey of the fastest-growing metropolitan areas in the world.  Similar to previous years, the “developing” world won in a landslide. Just three of the areas in the top 200 were in the West.

The index combines the percentage changes of income and employment growth into a standardized index using data from Oxford Economics, Moody’s and the U.S. Census.

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[slide
permalink=”20-kuala-lumpur-1″
title=”#20 Kuala Lumpur”
content=”Country: Malaysia

2010 Income Growth: 1.0 %

2010 Job Growth: 4.9 %

Main Industries: Finance, Trade, Real Estate

Comments: For better or worse, Kuala Lumpur was recently called a ‘mini Los Angeles‘ by the World Bank.

Source: Brookings”
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[slide
permalink=”19-houston-2″
title=”#19 Houston”
content=”Country: USA

2010 Income Growth: 5.5 %

2010 Job Growth: 2.5 %

Main Industries: Energy exploration, manufacturing, health care

Comments: The Houston area continues to add thousands of jobs in oil and gas extraction thanks to drilling in the nearby Eagle Ford Shale.

Source: Brookings”
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[slide
permalink=”18-casablanca-3″
title=”#18 Casablanca”
content=”Country: Morocco

2010 Income Growth: 3.3 %

2010 Job Growth: 3.8 %

Main Industries: Exports, retail

Comments: In a recent survey of African economies, Boston Consulting Group named Morocco an ‘African Lion.’

Source: Brookings

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[slide
permalink=”17-jakarta-4″
title=”#17 Jakarta”
content=”Country: Indonesia

2010 Income Growth: 5.5 %

2010 Job Growth: 3.0 %

Main Industries: Financial services, trade, manufacturing

Comments: Fitch raised Indonesia’s sovereign rating to investment grade last month.

Source: Brookings”
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[slide
permalink=”16-buenos-aires-5″
title=”#16 Buenos Aires”
content=”Country: Argentina

2010 Income Growth: 7.3 %

2010 Job Growth: 2.5 %

Main Industries: Finance, energy investment, manufacturing, advertising

Comments: The US Energy Information Administration recently ranked Argentina third globally in terms of technically recoverable shale gas resources with 774,000 billion cubic feet.

Source: Brookings”
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[slide
permalink=”15-foshan-6″
title=”#15 Foshan”
content=”Country: China

2010 Income Growth: 6.7 %

2010 Job Growth: 3.0 %

Main Industries: Manufacturing

Comments: Audi is completing a plant in Foshan that in 2013 will begin building 200,000 vehicles per year.

Source: Brookings”
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[slide
permalink=”14-tianjin-7″
title=”#14 Tianjin”
content=”Country: China

2010 Income Growth: 8.4 %

2010 Job Growth: 2.2 %

Main Industries: Exports

Comments: Sinopec recently completed a 200,000 barrel-per-day crude oil refining plant in the area.

Source: Brookings, Hoovers.com”
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[slide
permalink=”13-mumbai-8″
title=”#13 Mumbai”
content=”Country: India

2010 Income Growth: 6.2 %

2010 Job Growth: 4.3 %

Main Industries: Diversified

Comments: ‘Bollygarchs’ at conglomerates Tata Group, Reliance Industries and Bharti Enterprises continue to transform the city.

Source: Brookings”
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[slide
permalink=”12-nanjing-9″
title=”#12 Nanjing”
content=”Country: China

2010 Income Growth: 9.3 %

2010 Job Growth: 2.7 %

Main Industries: Electronics and auto manufacturing, energy

Comments: Zhongshan International Golf Villa, designed by Gary Player, was recently named the country’s second-best luxury residence by China Daily.

Source: Brookings, China Daily”
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[slide
permalink=”11-wuhan-10″
title=”#11 Wuhan”
content=”Country: China

2010 Income Growth: 9.8 %

2010 Job Growth: 2.5 %

Main Industries: Metallurgy, machinery, textiles

Comments: Wuhan Iron and Steel Co. is becoming a big player in China’s expansion into Africa.

Source: Brookings
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[slide
permalink=”10-shenyang-11″
title=”#10 Shenyang”
content=”Country: Shenyang

2010 Income Growth: 11.6 %

2010 Job Growth: 1.7 %

Main Industries: Transport manufacturing, machine tool manufacturing, software

Comments: The Economist projects Shenyang to continue to see surging income growth into 2014.

Source: Brookings”
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[slide
permalink=”9-santiago-12″
title=”#9 Santiago”
content=”Country: Chile

2010 Income Growth: 5.7 %

2010 Job Growth: 4.9 %

Main Industries: Diversified

Comments: When completed, Costanera centre’s Gran Torre Santiago will become the second-tallest building in the southern hemisphere at nearly 1000 ft.

Source: Brookings”
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[slide
permalink=”8-shenzhen-13″
title=”#8 Shenzhen”
content=”Country: China

2010 Income Growth: 6.5 %

2010 Job Growth: 4.9 %

Main Industries: Manufacturing, real estate, finance

Comments: 285 companies are now listed on Shenzhen-based ChiNext, China’s answer to NASDAQ.

Source: Brookings”
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[slide
permalink=”7-istanbul-14″
title=”#7 Istanbul”
content=”Country: Turkey

2010 Income Growth: 5.3 %

2010 Job Growth: 5.6 %

Main Industries: Diversified

Comment: Government recently announced plans to press forward with a third bridge across the Bosphorus, although risks in the Turkish economy persist.

Source: Brookings”
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[slide
permalink=”6-ankara-15″
title=”#6 Ankara”
content=”Country: Turkey

2010 Income Growth: 5.4 %

2010 Job Growth: 5.7 %

Main Industries: Foodstuffs, textiles, aerospace

Comments: Turkish Aerospace Industries Inc. continues to expand its relationships with Lockheed Martin and Northrop Grumman.

Source: Brookings”
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[slide
permalink=”5-hangzhou-16″
title=”#5 Hangzhou”
content=”Country: China

2010 Income Growth: 5.8 %

2010 Job Growth: 5.5 %

Main Industries: Textiles, medicine, manufacturing

Comments: Hangzhou-based food and beverage producer Wahaha, run by China’s richest man Zong Qinghou, is now 51-per cent owned by French firm Danone.

Source: Brookings”
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[slide
permalink=”4-izmir-17″
title=”#4 Izmir”
content=”Country: Turkey

2010 Income Growth: 5.5 %

2010 Job Growth: 5.6 %

Main Industries: Foodstuffs, tobacco, manufacturing, finance

Comments: The Izmir-based TurkDex index saw over 80,000,000 contracts traded in 2010, though that number fell significantly in 2011.

Source: Brookings”
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[slide
permalink=”3-jeddah-18″
title=”#3 Jeddah”
content=”Country: Saudi Arabia

2010 Income Growth: 7.0 %

2010 Job Growth: 5.5 %

Main Industries: Exports, finance

Comment: Prince Alwaleed bin Talal, nephew of King Abdullah, wants to build a tower in Jeddah that would be taller than the Burj Khalifa.

Source: Brookings”
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[slide
permalink=”2-riyadh-19″
title=”#2 Riyadh”
content=”Country: Saudi Arabia

2010 Income Growth: 7.8 %

2010 Job Growth: 6.3 %

Main Industries: Diversified

Comment: Aramco is rapidly expanding natural gas investments.

Source: Brookings”
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[slide
permalink=”1-shanghai-20″
title=”#1 Shanghai”
content=”Country: China

2010 Income Growth: 9.8 %

2010 Job Growth: 5.8 %

Main Industries: Diversified

Comment: Shanghai-based Baosteel recently became first Chinese non-lender to issue corporate bonds in renminbi.

Source: Brookings”
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[slide
permalink=”here-are-couple-cities-in-the-us-that-have-bounced-back-21″
title=”Here are couple cities in the US that have bounced back”
content=”The Only 26 US Cities That Have Regained All Of The Jobs They Lost During The Recession >
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[/slideshow]