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Forty years in the making, smart cities could be US$3 trillion opportunity for private banks

After speaking with Stephen Jue, Allianz Global Investors’ smart cities expert, it is hard not to have a bad case of John Naisbitt on the brain. In 1982, Naisbitt’s seminal book Megatrends: Ten New Directions Transforming Our Lives evoked science-fiction authors Arthur C. Clarke or Isaac Asimov as he hazarded guesses about what today’s world would look like. He got…

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