Finance & economics | Urban economics
The world is in the midst of a city-building boom
Everyone, from Donald Trump and Peter Thiel to Abdel Fattah el-Sisi, is getting involved
Africa’s tallest building is rising under empty skies. Beneath the Iconic Tower in northern Egypt sits a city that officials expect to one day house 6.5m people. For now, though, it is mostly empty—like the desert that came before it.
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This article appeared in the Finance & economics section of the print edition under the headline “Boom: towns”
Finance & economics March 9th 2024
From the March 9th 2024 edition
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China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful