05.10.2010 - Emerging market infrastructure set to drive demand for commodities
From Wallstreetpit.com: Every week roughly 1 million people are born in or migrate to cities in emerging markets all over the world. By 2030, the global urban population is expected to grow by 1.6 billion people and account for 60 percent of all people on Earth, according to the United Nations. With more people to feed, house, transport and keep warm, many emerging market metropolitan areas are buckling under the pressure. A month-long traffic jam near Beijing caught worldwide attention in August. According to Merrill Lynch, the daily commute for an average office worker in China is twice as long as it is in the U.S..............................................Full Article: Source
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