Can hipsters working in Bali or IT developers in Jaipur cause cities to become less relevant?
We are familiar with the investment risks presented by fossil fuel companies having ‘stranded assets’ – assets that are written-off and never sold – in their balance sheets as economies transition to a lower carbon world. Can this risk also apply to cities? Does the world still need cities when technological advancements and demographics are changing how we live?
The recent equity forum saw members of AMP Capital’s Global Equity team debate, in a traditional ‘for’ and ‘against’ format, whether cities were in peril of becoming the next stranded asset. Attendees were invited to cast their vote for the most compelling argument to determine the winning side.
We summarise the key points made by each speaker and note that while both sides contributed lively, pragmatic and thought-provoking insights, there could only be one winner. The result of the audience vote follows the summary.
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