[Script Info] Title: [Events] Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text Dialogue: 0,0:00:00.88,0:00:05.52,Default,,0000,0000,0000,,I want you to reimagine\Nhow life is organized on earth. Dialogue: 0,0:00:06.92,0:00:10.72,Default,,0000,0000,0000,,Think of the planet\Nlike a human body that we inhabit. Dialogue: 0,0:00:12.16,0:00:16.82,Default,,0000,0000,0000,,The skeleton is the transportation system\Nof roads and railways, Dialogue: 0,0:00:16.84,0:00:19.58,Default,,0000,0000,0000,,bridges and tunnels, air and seaports Dialogue: 0,0:00:19.60,0:00:22.82,Default,,0000,0000,0000,,that enable our mobility\Nacross the continents. Dialogue: 0,0:00:22.84,0:00:26.10,Default,,0000,0000,0000,,The vascular system that powers the body Dialogue: 0,0:00:26.12,0:00:28.90,Default,,0000,0000,0000,,are the oil and gas pipelines\Nand electricity grids. Dialogue: 0,0:00:28.92,0:00:30.12,Default,,0000,0000,0000,,that distribute energy. Dialogue: 0,0:00:30.68,0:00:33.70,Default,,0000,0000,0000,,And the nervous system of communications Dialogue: 0,0:00:33.72,0:00:37.42,Default,,0000,0000,0000,,is the Internet cables,\Nsatellites, cellular networks Dialogue: 0,0:00:37.44,0:00:40.60,Default,,0000,0000,0000,,and data centers that allow\Nus to share information. Dialogue: 0,0:00:41.48,0:00:45.86,Default,,0000,0000,0000,,This ever-expanding infrastructural matrix Dialogue: 0,0:00:45.88,0:00:50.90,Default,,0000,0000,0000,,already consists of 64 million\Nkilometers of roads, Dialogue: 0,0:00:50.92,0:00:53.74,Default,,0000,0000,0000,,four million kilometers of railways, Dialogue: 0,0:00:53.76,0:00:56.70,Default,,0000,0000,0000,,two million kilometers of pipelines Dialogue: 0,0:00:56.72,0:01:00.28,Default,,0000,0000,0000,,and one million kilometers\Nof Internet cables. Dialogue: 0,0:01:01.16,0:01:03.72,Default,,0000,0000,0000,,What about international borders? Dialogue: 0,0:01:04.96,0:01:08.52,Default,,0000,0000,0000,,We have less than\N500,000 kilometers of borders. Dialogue: 0,0:01:09.68,0:01:11.88,Default,,0000,0000,0000,,Let's build a better map of the world. Dialogue: 0,0:01:12.72,0:01:16.16,Default,,0000,0000,0000,,And we can start by overcoming\Nsome ancient mythology. Dialogue: 0,0:01:17.08,0:01:20.16,Default,,0000,0000,0000,,There's a saying with which\Nall students of history are familiar: Dialogue: 0,0:01:21.16,0:01:23.94,Default,,0000,0000,0000,,"Geography is destiny." Dialogue: 0,0:01:23.96,0:01:25.44,Default,,0000,0000,0000,,Sounds so grave, doesn't it? Dialogue: 0,0:01:26.12,0:01:27.80,Default,,0000,0000,0000,,It's such a fatalistic adage. Dialogue: 0,0:01:28.44,0:01:32.66,Default,,0000,0000,0000,,It tells us that landlocked countries\Nare condemned to be poor, Dialogue: 0,0:01:32.68,0:01:35.90,Default,,0000,0000,0000,,that small countries\Ncannot escape their larger neighbors, Dialogue: 0,0:01:35.92,0:01:38.84,Default,,0000,0000,0000,,that vast distances are insurmountable. Dialogue: 0,0:01:39.88,0:01:43.46,Default,,0000,0000,0000,,But every journey I take around the world, Dialogue: 0,0:01:43.48,0:01:46.92,Default,,0000,0000,0000,,I see an even greater force\Nsweeping the planet: Dialogue: 0,0:01:47.96,0:01:49.16,Default,,0000,0000,0000,,connectivity. Dialogue: 0,0:01:50.08,0:01:53.82,Default,,0000,0000,0000,,The global connectivity revolution,\Nin all of its forms -- Dialogue: 0,0:01:53.84,0:01:56.54,Default,,0000,0000,0000,,transportation, energy\Nand communications -- Dialogue: 0,0:01:56.56,0:02:00.82,Default,,0000,0000,0000,,has enabled such a quantum leap\Nin the mobility of people, Dialogue: 0,0:02:00.84,0:02:03.58,Default,,0000,0000,0000,,of goods, of resources, of knowledge, Dialogue: 0,0:02:03.60,0:02:08.16,Default,,0000,0000,0000,,such that we can no longer even think\Nof geography as distinct from it. Dialogue: 0,0:02:08.84,0:02:12.94,Default,,0000,0000,0000,,In fact, I view the two forces\Nas fusing together Dialogue: 0,0:02:12.96,0:02:15.04,Default,,0000,0000,0000,,into what I call "connectography." Dialogue: 0,0:02:16.28,0:02:20.22,Default,,0000,0000,0000,,Connectography represents a quantum leap Dialogue: 0,0:02:20.24,0:02:23.66,Default,,0000,0000,0000,,in the mobility of people,\Nresources and ideas, Dialogue: 0,0:02:23.68,0:02:25.48,Default,,0000,0000,0000,,but it is an evolution, Dialogue: 0,0:02:26.28,0:02:32.46,Default,,0000,0000,0000,,an evolution of the world\Nfrom political geography, Dialogue: 0,0:02:32.48,0:02:35.28,Default,,0000,0000,0000,,which is how we legally divide the world, Dialogue: 0,0:02:36.00,0:02:38.22,Default,,0000,0000,0000,,to functional geography, Dialogue: 0,0:02:38.24,0:02:40.82,Default,,0000,0000,0000,,which is how we actually use the world, Dialogue: 0,0:02:40.84,0:02:44.96,Default,,0000,0000,0000,,from nations and borders,\Nto infrastructure and supply chains. Dialogue: 0,0:02:45.72,0:02:48.16,Default,,0000,0000,0000,,Our global system is evolving Dialogue: 0,0:02:49.24,0:02:52.90,Default,,0000,0000,0000,,from the vertically integrated\Nempires of the 19th century, Dialogue: 0,0:02:52.92,0:02:57.18,Default,,0000,0000,0000,,through the horizontally interdependent\Nnations of the 20th century, Dialogue: 0,0:02:57.20,0:03:02.44,Default,,0000,0000,0000,,into a global network civilization\Nin the 21st century. Dialogue: 0,0:03:03.24,0:03:06.58,Default,,0000,0000,0000,,Connectivity, not sovereignty, Dialogue: 0,0:03:06.60,0:03:10.82,Default,,0000,0000,0000,,has become the organizing principle\Nof the human species. Dialogue: 0,0:03:10.84,0:03:14.24,Default,,0000,0000,0000,,(Applause) Dialogue: 0,0:03:15.48,0:03:18.70,Default,,0000,0000,0000,,We are becoming\Nthis global network civilization Dialogue: 0,0:03:18.72,0:03:21.50,Default,,0000,0000,0000,,because we are literally building it. Dialogue: 0,0:03:21.52,0:03:25.22,Default,,0000,0000,0000,,All of the world's defense budgets\Nand military spending taken together Dialogue: 0,0:03:25.24,0:03:28.34,Default,,0000,0000,0000,,total just under\Ntwo trillion dollars per year. Dialogue: 0,0:03:28.36,0:03:30.74,Default,,0000,0000,0000,,Meanwhile, our global\Ninfrastructure spending Dialogue: 0,0:03:30.76,0:03:34.14,Default,,0000,0000,0000,,is projected to rise\Nto nine trillion dollars per year Dialogue: 0,0:03:34.16,0:03:35.70,Default,,0000,0000,0000,,within the coming decade. Dialogue: 0,0:03:35.72,0:03:37.34,Default,,0000,0000,0000,,And, well, it should. Dialogue: 0,0:03:37.36,0:03:40.10,Default,,0000,0000,0000,,We have been living\Noff an infrastructure stock Dialogue: 0,0:03:40.12,0:03:42.72,Default,,0000,0000,0000,,meant for a world population\Nof three billion, Dialogue: 0,0:03:43.64,0:03:46.74,Default,,0000,0000,0000,,as our population has crossed\Nseven billion to eight billion Dialogue: 0,0:03:46.76,0:03:48.60,Default,,0000,0000,0000,,and eventually nine billion and more. Dialogue: 0,0:03:49.28,0:03:53.98,Default,,0000,0000,0000,,As a rule of thumb, we should spend\Nabout one trillion dollars Dialogue: 0,0:03:54.00,0:03:58.24,Default,,0000,0000,0000,,on the basic infrastructure needs\Nof every billion people in the world. Dialogue: 0,0:03:59.36,0:04:02.40,Default,,0000,0000,0000,,Not surprisingly, Asia is in the lead. Dialogue: 0,0:04:03.32,0:04:05.94,Default,,0000,0000,0000,,In 2015, China announced the creation Dialogue: 0,0:04:05.96,0:04:09.00,Default,,0000,0000,0000,,of the Asian Infrastructure\NInvestment Bank, Dialogue: 0,0:04:09.88,0:04:13.06,Default,,0000,0000,0000,,which together with a network\Nof other organizations Dialogue: 0,0:04:13.08,0:04:16.50,Default,,0000,0000,0000,,aims to construct a network\Nof iron and silk roads, Dialogue: 0,0:04:16.52,0:04:18.72,Default,,0000,0000,0000,,stretching from Shanghai to Lisbon. Dialogue: 0,0:04:19.64,0:04:23.82,Default,,0000,0000,0000,,And as all of this topographical\Nengineering unfolds, Dialogue: 0,0:04:23.84,0:04:29.30,Default,,0000,0000,0000,,we will likely spend more\Non infrastructure in the next 40 years, Dialogue: 0,0:04:29.32,0:04:32.66,Default,,0000,0000,0000,,we will build more infrastructure\Nin the next 40 years, Dialogue: 0,0:04:32.68,0:04:35.44,Default,,0000,0000,0000,,than we have in the past 4,000 years. Dialogue: 0,0:04:36.76,0:04:38.96,Default,,0000,0000,0000,,Now let's stop and think\Nabout it for a minute. Dialogue: 0,0:04:39.56,0:04:44.34,Default,,0000,0000,0000,,Spending so much more on building\Nthe foundations of global society Dialogue: 0,0:04:44.36,0:04:47.18,Default,,0000,0000,0000,,rather than on the tools to destroy it Dialogue: 0,0:04:47.20,0:04:49.78,Default,,0000,0000,0000,,can have profound consequences. Dialogue: 0,0:04:49.80,0:04:52.86,Default,,0000,0000,0000,,Connectivity is how\Nwe optimize the distribution Dialogue: 0,0:04:52.88,0:04:55.46,Default,,0000,0000,0000,,of people and resources around the world. Dialogue: 0,0:04:55.48,0:04:59.60,Default,,0000,0000,0000,,It is how mankind comes to be more\Nthan just the sum of its parts. Dialogue: 0,0:05:00.84,0:05:03.44,Default,,0000,0000,0000,,I believe that is what is happening. Dialogue: 0,0:05:05.00,0:05:08.94,Default,,0000,0000,0000,,Connectivity has a twin megatrend\Nin the 21st century: Dialogue: 0,0:05:08.96,0:05:11.04,Default,,0000,0000,0000,,planetary urbanization. Dialogue: 0,0:05:12.00,0:05:15.28,Default,,0000,0000,0000,,Cities are the infrastructures\Nthat most define us. Dialogue: 0,0:05:15.84,0:05:19.06,Default,,0000,0000,0000,,By 2030, more than two thirds\Nof the world's population Dialogue: 0,0:05:19.08,0:05:20.34,Default,,0000,0000,0000,,will live in cities. Dialogue: 0,0:05:20.36,0:05:23.10,Default,,0000,0000,0000,,And these are not\Nmere little dots on the map, Dialogue: 0,0:05:23.12,0:05:26.72,Default,,0000,0000,0000,,but they are vast archipelagos\Nstretching hundreds of kilometers. Dialogue: 0,0:05:27.36,0:05:28.94,Default,,0000,0000,0000,,Here we are in Vancouver, Dialogue: 0,0:05:28.96,0:05:30.82,Default,,0000,0000,0000,,at the head of the Cascadia Corridor Dialogue: 0,0:05:30.84,0:05:33.68,Default,,0000,0000,0000,,that stretches south\Nacross the US border to Seattle. Dialogue: 0,0:05:34.60,0:05:36.94,Default,,0000,0000,0000,,The technology powerhouse\Nof Silicon Valley Dialogue: 0,0:05:36.96,0:05:39.82,Default,,0000,0000,0000,,begins north of San Francisco\Ndown to San Jose Dialogue: 0,0:05:39.84,0:05:41.62,Default,,0000,0000,0000,,and across the bay to Oakland. Dialogue: 0,0:05:41.64,0:05:44.62,Default,,0000,0000,0000,,The sprawl of Los Angeles\Nnow passes San Diego Dialogue: 0,0:05:44.64,0:05:46.90,Default,,0000,0000,0000,,across the Mexican border to Tijuana. Dialogue: 0,0:05:46.92,0:05:49.90,Default,,0000,0000,0000,,San Diego and Tijuana\Nnow share an airport terminal Dialogue: 0,0:05:49.92,0:05:52.14,Default,,0000,0000,0000,,where you can exit into either country. Dialogue: 0,0:05:52.16,0:05:56.40,Default,,0000,0000,0000,,Eventually, a high-speed rail network\Nmay connect the entire Pacific spine. Dialogue: 0,0:05:57.68,0:06:01.82,Default,,0000,0000,0000,,America's northeastern megalopolis\Nbegins in Boston through New York Dialogue: 0,0:06:01.84,0:06:03.62,Default,,0000,0000,0000,,and Philadelphia to Washington. Dialogue: 0,0:06:03.64,0:06:05.82,Default,,0000,0000,0000,,It contains more than 50 million people Dialogue: 0,0:06:05.84,0:06:08.62,Default,,0000,0000,0000,,and also has plans\Nfor a high-speed rail network. Dialogue: 0,0:06:08.64,0:06:12.56,Default,,0000,0000,0000,,But Asia is where we really see\Nthe megacities coming together. Dialogue: 0,0:06:13.28,0:06:17.54,Default,,0000,0000,0000,,This continuous strip of light\Nfrom Tokyo through Nagoya to Osaka Dialogue: 0,0:06:17.56,0:06:19.74,Default,,0000,0000,0000,,contains more than 80 million people Dialogue: 0,0:06:19.76,0:06:21.44,Default,,0000,0000,0000,,and most of Japan's economy. Dialogue: 0,0:06:22.20,0:06:24.52,Default,,0000,0000,0000,,It is the world's largest megacity. Dialogue: 0,0:06:25.16,0:06:26.36,Default,,0000,0000,0000,,For now. Dialogue: 0,0:06:26.80,0:06:29.34,Default,,0000,0000,0000,,But in China, megacity clusters\Nare coming together Dialogue: 0,0:06:29.36,0:06:32.26,Default,,0000,0000,0000,,with populations\Nreaching 100 million people. Dialogue: 0,0:06:32.28,0:06:34.18,Default,,0000,0000,0000,,The Bohai Rim around Beijing, Dialogue: 0,0:06:34.20,0:06:36.46,Default,,0000,0000,0000,,The Yangtze River Delta around Shanghai Dialogue: 0,0:06:36.48,0:06:38.38,Default,,0000,0000,0000,,and the Pearl River Delta, Dialogue: 0,0:06:38.40,0:06:40.74,Default,,0000,0000,0000,,stretching from Hong Kong\Nnorth to Guangzhou. Dialogue: 0,0:06:40.76,0:06:42.10,Default,,0000,0000,0000,,And in the middle, Dialogue: 0,0:06:42.12,0:06:45.02,Default,,0000,0000,0000,,the Chongqing-Chengdu megacity cluster, Dialogue: 0,0:06:45.04,0:06:47.82,Default,,0000,0000,0000,,whose geographic footprint\Nis almost the same size Dialogue: 0,0:06:47.84,0:06:49.48,Default,,0000,0000,0000,,as the country of Austria. Dialogue: 0,0:06:51.26,0:06:53.22,Default,,0000,0000,0000,,And any number of these megacity clusters Dialogue: 0,0:06:53.24,0:06:56.30,Default,,0000,0000,0000,,has a GDP approaching\Ntwo trillion dollars -- Dialogue: 0,0:06:56.32,0:06:59.00,Default,,0000,0000,0000,,that's almost the same\Nas all of India today. Dialogue: 0,0:06:59.56,0:07:05.22,Default,,0000,0000,0000,,So imagine if our global diplomatic\Ninstitutions, such as the G20, Dialogue: 0,0:07:05.24,0:07:08.78,Default,,0000,0000,0000,,were to base their membership\Non economic size Dialogue: 0,0:07:08.80,0:07:10.80,Default,,0000,0000,0000,,rather than national representation. Dialogue: 0,0:07:11.32,0:07:14.90,Default,,0000,0000,0000,,Some Chinese megacities\Nmay be in and have a seat at the table, Dialogue: 0,0:07:14.92,0:07:19.04,Default,,0000,0000,0000,,while entire countries,\Nlike Argentina or Indonesia would be out. Dialogue: 0,0:07:20.08,0:07:23.78,Default,,0000,0000,0000,,Moving to India, whose population\Nwill soon exceed that of China, Dialogue: 0,0:07:23.80,0:07:26.10,Default,,0000,0000,0000,,it too has a number of megacity clusters, Dialogue: 0,0:07:26.12,0:07:28.54,Default,,0000,0000,0000,,such as the Delhi Capital Region Dialogue: 0,0:07:28.56,0:07:30.02,Default,,0000,0000,0000,,and Mumbai. Dialogue: 0,0:07:30.04,0:07:31.26,Default,,0000,0000,0000,,In the Middle East, Dialogue: 0,0:07:31.28,0:07:34.42,Default,,0000,0000,0000,,Greater Tehran is absorbing\None third of Iran's population. Dialogue: 0,0:07:34.44,0:07:36.30,Default,,0000,0000,0000,,Most of Egypt's 80 million people Dialogue: 0,0:07:36.32,0:07:39.34,Default,,0000,0000,0000,,live in the corridor\Nbetween Cairo and Alexandria. Dialogue: 0,0:07:39.36,0:07:43.38,Default,,0000,0000,0000,,And in the gulf, a necklace\Nof city-states is forming, Dialogue: 0,0:07:43.40,0:07:44.86,Default,,0000,0000,0000,,from Bahrain and Qatar, Dialogue: 0,0:07:44.88,0:07:47.64,Default,,0000,0000,0000,,through the United Arab Emirates\Nto Muscat in Oman. Dialogue: 0,0:07:48.52,0:07:50.00,Default,,0000,0000,0000,,And then there's Lagos, Dialogue: 0,0:07:50.80,0:07:54.66,Default,,0000,0000,0000,,Africa's largest city\Nand Nigeria's commercial hub. Dialogue: 0,0:07:54.68,0:07:56.74,Default,,0000,0000,0000,,It has plans for a rail network Dialogue: 0,0:07:56.76,0:08:01.18,Default,,0000,0000,0000,,that will make it the anchor\Nof a vast Atlantic coastal corridor, Dialogue: 0,0:08:01.20,0:08:04.26,Default,,0000,0000,0000,,stretching across Benin, Togo and Ghana, Dialogue: 0,0:08:04.28,0:08:07.74,Default,,0000,0000,0000,,to Abidjan, the capital\Nof the Ivory Coast. Dialogue: 0,0:08:07.76,0:08:11.32,Default,,0000,0000,0000,,But these countries are suburbs of Lagos. Dialogue: 0,0:08:12.00,0:08:13.86,Default,,0000,0000,0000,,In a megacity world, Dialogue: 0,0:08:13.88,0:08:16.64,Default,,0000,0000,0000,,countries can be suburbs of cities. Dialogue: 0,0:08:18.64,0:08:24.76,Default,,0000,0000,0000,,By 2030, we will have as many\Nas 50 such megacity clusters in the world. Dialogue: 0,0:08:25.40,0:08:27.26,Default,,0000,0000,0000,,So which map tells you more? Dialogue: 0,0:08:27.28,0:08:30.42,Default,,0000,0000,0000,,Our traditional map\Nof 200 discrete nations Dialogue: 0,0:08:30.44,0:08:32.34,Default,,0000,0000,0000,,that hang on most of our walls, Dialogue: 0,0:08:32.36,0:08:35.36,Default,,0000,0000,0000,,or this map of the 50 megacity clusters? Dialogue: 0,0:08:36.16,0:08:38.90,Default,,0000,0000,0000,,And yet, even this is incomplete Dialogue: 0,0:08:38.92,0:08:42.94,Default,,0000,0000,0000,,because you cannot understand\Nany individual megacity Dialogue: 0,0:08:42.96,0:08:46.12,Default,,0000,0000,0000,,without understanding\Nits connections to the others. Dialogue: 0,0:08:46.88,0:08:49.26,Default,,0000,0000,0000,,People move to cities to be connected, Dialogue: 0,0:08:49.28,0:08:52.48,Default,,0000,0000,0000,,and connectivity\Nis why these cities thrive. Dialogue: 0,0:08:53.32,0:08:56.98,Default,,0000,0000,0000,,Any number of them,\Nsuch as Sao Paulo or Istanbul or Moscow, Dialogue: 0,0:08:57.00,0:09:01.10,Default,,0000,0000,0000,,has a GDP approaching or exceeding\None third of one half Dialogue: 0,0:09:01.12,0:09:03.28,Default,,0000,0000,0000,,of their entire national GDP. Dialogue: 0,0:09:04.12,0:09:05.90,Default,,0000,0000,0000,,But equally importantly, Dialogue: 0,0:09:05.92,0:09:08.78,Default,,0000,0000,0000,,you cannot calculate\Nany of their individual value Dialogue: 0,0:09:08.80,0:09:12.46,Default,,0000,0000,0000,,without understanding\Nthe role of the flows of people, Dialogue: 0,0:09:12.48,0:09:14.18,Default,,0000,0000,0000,,of finance, of technology Dialogue: 0,0:09:14.20,0:09:15.88,Default,,0000,0000,0000,,that enable them to thrive. Dialogue: 0,0:09:16.64,0:09:19.38,Default,,0000,0000,0000,,Take the Gauteng province of South Africa, Dialogue: 0,0:09:19.40,0:09:22.54,Default,,0000,0000,0000,,which contains Johannesburg\Nand the capital Pretoria. Dialogue: 0,0:09:22.56,0:09:26.50,Default,,0000,0000,0000,,It too represents just over\Na third of South Africa's GDP. Dialogue: 0,0:09:26.52,0:09:29.78,Default,,0000,0000,0000,,But equally importantly,\Nit is home to the offices Dialogue: 0,0:09:29.80,0:09:32.78,Default,,0000,0000,0000,,of almost every single\Nmultinational corporation Dialogue: 0,0:09:32.80,0:09:35.02,Default,,0000,0000,0000,,that invests directly into South Africa Dialogue: 0,0:09:35.04,0:09:37.52,Default,,0000,0000,0000,,and indeed, into the entire\NAfrican continent. Dialogue: 0,0:09:38.68,0:09:42.38,Default,,0000,0000,0000,,Cities want to be part\Nof global value chains. Dialogue: 0,0:09:42.40,0:09:45.98,Default,,0000,0000,0000,,They want to be part\Nof this global division of labor. Dialogue: 0,0:09:46.00,0:09:47.84,Default,,0000,0000,0000,,That is how cities think. Dialogue: 0,0:09:48.64,0:09:50.46,Default,,0000,0000,0000,,I've never met a mayor who said to me, Dialogue: 0,0:09:50.48,0:09:52.04,Default,,0000,0000,0000,,"I want my city to be cut off." Dialogue: 0,0:09:52.84,0:09:55.90,Default,,0000,0000,0000,,They know that their cities belong as much Dialogue: 0,0:09:55.92,0:10:01.24,Default,,0000,0000,0000,,to the global network civilization\Nas to their home countries. Dialogue: 0,0:10:02.68,0:10:06.32,Default,,0000,0000,0000,,Now, for many people,\Nurbanization causes great dismay. Dialogue: 0,0:10:06.92,0:10:09.12,Default,,0000,0000,0000,,They think cities are wrecking the planet. Dialogue: 0,0:10:09.96,0:10:11.18,Default,,0000,0000,0000,,But right now, Dialogue: 0,0:10:11.20,0:10:15.46,Default,,0000,0000,0000,,there are more than 200\Nintercity learning networks thriving. Dialogue: 0,0:10:15.48,0:10:18.82,Default,,0000,0000,0000,,That is as many as the number\Nof intergovernmental organizations Dialogue: 0,0:10:18.84,0:10:20.06,Default,,0000,0000,0000,,that we have. Dialogue: 0,0:10:20.08,0:10:24.46,Default,,0000,0000,0000,,And all of these intercity networks\Nare devoted to one purpose, Dialogue: 0,0:10:24.48,0:10:29.18,Default,,0000,0000,0000,,mankind's number one priority\Nin the 21st century: Dialogue: 0,0:10:29.20,0:10:31.28,Default,,0000,0000,0000,,sustainable urbanization. Dialogue: 0,0:10:32.68,0:10:33.88,Default,,0000,0000,0000,,Is it working? Dialogue: 0,0:10:34.56,0:10:36.30,Default,,0000,0000,0000,,Let's take climate change. Dialogue: 0,0:10:36.32,0:10:39.06,Default,,0000,0000,0000,,We know that summit after summit\Nin New York and Paris Dialogue: 0,0:10:39.08,0:10:41.88,Default,,0000,0000,0000,,is not going to reduce\Ngreenhouse gas emissions. Dialogue: 0,0:10:42.56,0:10:45.86,Default,,0000,0000,0000,,But what we can see\Nis that transferring technology Dialogue: 0,0:10:45.88,0:10:48.50,Default,,0000,0000,0000,,and knowledge and policies between cities Dialogue: 0,0:10:48.52,0:10:53.14,Default,,0000,0000,0000,,is how we've actually begun to reduce\Nthe carbon intensity of our economies. Dialogue: 0,0:10:53.16,0:10:55.30,Default,,0000,0000,0000,,Cities are learning from each other. Dialogue: 0,0:10:55.32,0:10:57.78,Default,,0000,0000,0000,,How to install zero-emissions buildings, Dialogue: 0,0:10:57.80,0:11:00.94,Default,,0000,0000,0000,,how to deploy electric\Ncar-sharing systems. Dialogue: 0,0:11:00.96,0:11:02.18,Default,,0000,0000,0000,,In major Chinese cities, Dialogue: 0,0:11:02.20,0:11:05.26,Default,,0000,0000,0000,,they're imposing quotas\Non the number of cars on the streets. Dialogue: 0,0:11:05.28,0:11:06.54,Default,,0000,0000,0000,,In many Western cities, Dialogue: 0,0:11:06.56,0:11:08.88,Default,,0000,0000,0000,,young people don't even\Nwant to drive anymore. Dialogue: 0,0:11:09.72,0:11:11.94,Default,,0000,0000,0000,,Cities have been part of the problem, Dialogue: 0,0:11:11.96,0:11:13.96,Default,,0000,0000,0000,,now they are part of the solution. Dialogue: 0,0:11:14.88,0:11:19.48,Default,,0000,0000,0000,,Inequality is the other great challenge\Nto achieving sustainable urbanization. Dialogue: 0,0:11:19.96,0:11:23.38,Default,,0000,0000,0000,,When I travel through megacities\Nfrom end to end -- Dialogue: 0,0:11:23.40,0:11:25.50,Default,,0000,0000,0000,,it takes hours and days -- Dialogue: 0,0:11:25.52,0:11:29.26,Default,,0000,0000,0000,,I experience the tragedy\Nof extreme disparity Dialogue: 0,0:11:29.28,0:11:31.20,Default,,0000,0000,0000,,within the same geography. Dialogue: 0,0:11:32.08,0:11:35.10,Default,,0000,0000,0000,,And yet, our global stock\Nof financial assets Dialogue: 0,0:11:35.12,0:11:36.58,Default,,0000,0000,0000,,has never been larger, Dialogue: 0,0:11:36.60,0:11:40.10,Default,,0000,0000,0000,,approaching 300 trillion dollars. Dialogue: 0,0:11:40.12,0:11:43.52,Default,,0000,0000,0000,,That's almost four times\Nthe actual GDP of the world. Dialogue: 0,0:11:44.52,0:11:48.98,Default,,0000,0000,0000,,We have taken on such enormous debts\Nsince the financial crisis, Dialogue: 0,0:11:49.00,0:11:52.16,Default,,0000,0000,0000,,but have we invested them\Nin inclusive growth? Dialogue: 0,0:11:52.84,0:11:54.96,Default,,0000,0000,0000,,No, not yet. Dialogue: 0,0:11:55.80,0:11:59.62,Default,,0000,0000,0000,,Only when we build sufficient,\Naffordable public housing, Dialogue: 0,0:11:59.64,0:12:02.78,Default,,0000,0000,0000,,when we invest in robust\Ntransportation networks Dialogue: 0,0:12:02.80,0:12:07.34,Default,,0000,0000,0000,,to allow people to connect to each other\Nboth physically and digitally, Dialogue: 0,0:12:07.36,0:12:09.74,Default,,0000,0000,0000,,that's when our divided\Ncities and societies Dialogue: 0,0:12:09.76,0:12:11.62,Default,,0000,0000,0000,,will come to feel whole again. Dialogue: 0,0:12:11.64,0:12:14.48,Default,,0000,0000,0000,,(Applause) Dialogue: 0,0:12:15.84,0:12:18.74,Default,,0000,0000,0000,,And that is why infrastructure\Nhas just been included Dialogue: 0,0:12:18.76,0:12:21.22,Default,,0000,0000,0000,,in the United Nations\NSustainable Development Goals, Dialogue: 0,0:12:21.24,0:12:23.56,Default,,0000,0000,0000,,because it enables all the others. Dialogue: 0,0:12:24.08,0:12:25.90,Default,,0000,0000,0000,,Our political and economic leaders Dialogue: 0,0:12:25.92,0:12:29.02,Default,,0000,0000,0000,,are learning that connectivity\Nis not charity, Dialogue: 0,0:12:29.04,0:12:30.24,Default,,0000,0000,0000,,it's opportunity. Dialogue: 0,0:12:31.08,0:12:33.82,Default,,0000,0000,0000,,And that's why our financial community\Nneeds to understand Dialogue: 0,0:12:33.84,0:12:38.84,Default,,0000,0000,0000,,that connectivity is the most\Nimportant asset class of the 21st century. Dialogue: 0,0:12:40.28,0:12:43.96,Default,,0000,0000,0000,,Now, cities can make the world\Nmore sustainable, Dialogue: 0,0:12:44.60,0:12:46.86,Default,,0000,0000,0000,,they can make the world more equitable, Dialogue: 0,0:12:46.88,0:12:49.74,Default,,0000,0000,0000,,I also believe that\Nconnectivity between cities Dialogue: 0,0:12:49.76,0:12:51.52,Default,,0000,0000,0000,,can make the world more peaceful. Dialogue: 0,0:12:52.40,0:12:56.42,Default,,0000,0000,0000,,If we look at regions of the world\Nwith dense relations across borders, Dialogue: 0,0:12:56.44,0:12:59.22,Default,,0000,0000,0000,,we see more trade, more investment Dialogue: 0,0:12:59.24,0:13:00.66,Default,,0000,0000,0000,,and more stability. Dialogue: 0,0:13:00.68,0:13:03.18,Default,,0000,0000,0000,,We all know the story\Nof Europe after World War II, Dialogue: 0,0:13:03.20,0:13:05.78,Default,,0000,0000,0000,,where industrial integration\Nkicked off a process Dialogue: 0,0:13:05.80,0:13:08.36,Default,,0000,0000,0000,,that gave rise to today's\Npeaceful European Union. Dialogue: 0,0:13:09.00,0:13:11.62,Default,,0000,0000,0000,,And you can see that Russia, by the way, Dialogue: 0,0:13:11.64,0:13:15.64,Default,,0000,0000,0000,,is the least connected of major powers\Nin the international system. Dialogue: 0,0:13:16.24,0:13:20.02,Default,,0000,0000,0000,,And that goes a long way\Ntowards explaining the tensions today. Dialogue: 0,0:13:20.04,0:13:22.94,Default,,0000,0000,0000,,Countries that have\Nless stake in the system Dialogue: 0,0:13:22.96,0:13:25.32,Default,,0000,0000,0000,,also have less to lose in disturbing it. Dialogue: 0,0:13:26.80,0:13:29.62,Default,,0000,0000,0000,,In North America, the lines\Nthat matter most on the map Dialogue: 0,0:13:29.64,0:13:33.42,Default,,0000,0000,0000,,are not the US-Canada border\Nor the US-Mexico border, Dialogue: 0,0:13:33.44,0:13:36.82,Default,,0000,0000,0000,,but the dense network of roads\Nand railways and pipelines Dialogue: 0,0:13:36.84,0:13:39.70,Default,,0000,0000,0000,,and electricity grids\Nand even water canals Dialogue: 0,0:13:39.72,0:13:43.54,Default,,0000,0000,0000,,that are forming an integrated\NNorth American union. Dialogue: 0,0:13:43.56,0:13:48.26,Default,,0000,0000,0000,,North America does not need more walls,\Nit needs more connections. Dialogue: 0,0:13:48.28,0:13:50.92,Default,,0000,0000,0000,,(Applause) Dialogue: 0,0:13:55.88,0:14:00.22,Default,,0000,0000,0000,,But the real promise of connectivity\Nis in the postcolonial world. Dialogue: 0,0:14:00.24,0:14:04.58,Default,,0000,0000,0000,,All of those regions where borders\Nhave historically been the most arbitrary Dialogue: 0,0:14:04.60,0:14:06.54,Default,,0000,0000,0000,,and where generations of leaders Dialogue: 0,0:14:06.56,0:14:09.18,Default,,0000,0000,0000,,have had hostile relations\Nwith each other. Dialogue: 0,0:14:09.20,0:14:11.58,Default,,0000,0000,0000,,But now a new group of leaders\Nhas come into power Dialogue: 0,0:14:11.60,0:14:13.16,Default,,0000,0000,0000,,and is burying the hatchet. Dialogue: 0,0:14:13.76,0:14:16.94,Default,,0000,0000,0000,,Let's take Southeast Asia,\Nwhere high-speed rail networks Dialogue: 0,0:14:16.96,0:14:19.26,Default,,0000,0000,0000,,are planned to connect\NBangkok to Singapore Dialogue: 0,0:14:19.28,0:14:22.18,Default,,0000,0000,0000,,and trade corridors\Nfrom Vietnam to Myanmar. Dialogue: 0,0:14:22.20,0:14:27.74,Default,,0000,0000,0000,,Now this region of 600 million people\Ncoordinates its agricultural resources Dialogue: 0,0:14:27.76,0:14:29.16,Default,,0000,0000,0000,,and its industrial output. Dialogue: 0,0:14:29.72,0:14:34.38,Default,,0000,0000,0000,,It is evolving\Ninto what I call a Pax Asiana, Dialogue: 0,0:14:34.40,0:14:37.24,Default,,0000,0000,0000,,a peace among Southeast Asian nations. Dialogue: 0,0:14:38.04,0:14:41.18,Default,,0000,0000,0000,,A similar phenomenon\Nis underway in East Africa, Dialogue: 0,0:14:41.20,0:14:42.58,Default,,0000,0000,0000,,where a half dozen countries Dialogue: 0,0:14:42.60,0:14:45.90,Default,,0000,0000,0000,,are investing in railways\Nand multimodal corridors Dialogue: 0,0:14:45.92,0:14:49.06,Default,,0000,0000,0000,,so that landlocked countries\Ncan get their goods to market. Dialogue: 0,0:14:49.08,0:14:51.66,Default,,0000,0000,0000,,Now these countries\Ncoordinate their utilities Dialogue: 0,0:14:51.68,0:14:53.78,Default,,0000,0000,0000,,and their investment policies. Dialogue: 0,0:14:53.80,0:14:57.60,Default,,0000,0000,0000,,They, too, are evolving\Ninto a Pax Africana. Dialogue: 0,0:14:59.20,0:15:02.10,Default,,0000,0000,0000,,One region we know could\Nespecially use this kind of thinking Dialogue: 0,0:15:02.12,0:15:03.40,Default,,0000,0000,0000,,is the Middle East. Dialogue: 0,0:15:04.00,0:15:06.46,Default,,0000,0000,0000,,As Arab states tragically collapse, Dialogue: 0,0:15:06.48,0:15:09.22,Default,,0000,0000,0000,,what is left behind\Nbut the ancient cities, Dialogue: 0,0:15:09.24,0:15:11.72,Default,,0000,0000,0000,,such as Cairo, Beirut and Baghdad? Dialogue: 0,0:15:12.40,0:15:17.14,Default,,0000,0000,0000,,In fact, the nearly\N400 million people of the Arab world Dialogue: 0,0:15:17.16,0:15:19.26,Default,,0000,0000,0000,,are almost entirely urbanized. Dialogue: 0,0:15:19.28,0:15:21.18,Default,,0000,0000,0000,,As societies, as cities, Dialogue: 0,0:15:21.20,0:15:23.46,Default,,0000,0000,0000,,they are either water rich or water poor, Dialogue: 0,0:15:23.48,0:15:25.24,Default,,0000,0000,0000,,energy rich or energy poor. Dialogue: 0,0:15:26.04,0:15:28.94,Default,,0000,0000,0000,,And the only way\Nto correct these mismatches Dialogue: 0,0:15:28.96,0:15:31.58,Default,,0000,0000,0000,,is not through more wars and more borders, Dialogue: 0,0:15:31.60,0:15:35.44,Default,,0000,0000,0000,,but through more connectivity\Nof pipelines and water canals. Dialogue: 0,0:15:36.04,0:15:39.98,Default,,0000,0000,0000,,Sadly, this is not yet\Nthe map of the Middle East. Dialogue: 0,0:15:40.00,0:15:41.20,Default,,0000,0000,0000,,But it should be, Dialogue: 0,0:15:42.76,0:15:45.80,Default,,0000,0000,0000,,a connected Pax Arabia, Dialogue: 0,0:15:46.64,0:15:48.34,Default,,0000,0000,0000,,internally integrated Dialogue: 0,0:15:48.36,0:15:52.66,Default,,0000,0000,0000,,and productively connected\Nto its neighbors: Europe, Asia and Africa. Dialogue: 0,0:15:52.68,0:15:55.78,Default,,0000,0000,0000,,Now, it may not seem like connectivity\Nis what we want right now Dialogue: 0,0:15:55.80,0:15:57.84,Default,,0000,0000,0000,,towards the world's most turbulent region. Dialogue: 0,0:15:58.60,0:16:02.22,Default,,0000,0000,0000,,But we know from history\Nthat more connectivity is the only way Dialogue: 0,0:16:02.24,0:16:04.74,Default,,0000,0000,0000,,to bring about stability in the long run. Dialogue: 0,0:16:04.76,0:16:07.46,Default,,0000,0000,0000,,Because we know\Nthat in region after region, Dialogue: 0,0:16:07.48,0:16:10.42,Default,,0000,0000,0000,,connectivity is the new reality. Dialogue: 0,0:16:10.44,0:16:13.58,Default,,0000,0000,0000,,Cities and countries\Nare learning to aggregate Dialogue: 0,0:16:13.60,0:16:16.08,Default,,0000,0000,0000,,into more peaceful and prosperous wholes. Dialogue: 0,0:16:17.76,0:16:20.08,Default,,0000,0000,0000,,But the real test is going to be Asia. Dialogue: 0,0:16:21.04,0:16:23.98,Default,,0000,0000,0000,,Can connectivity overcome\Nthe patterns of rivalry Dialogue: 0,0:16:24.00,0:16:26.58,Default,,0000,0000,0000,,among the great powers of the Far East? Dialogue: 0,0:16:26.60,0:16:30.96,Default,,0000,0000,0000,,After all, this is where World War III\Nis supposed to break out. Dialogue: 0,0:16:31.92,0:16:35.06,Default,,0000,0000,0000,,Since the end of the Cold War,\Na quarter century ago, Dialogue: 0,0:16:35.08,0:16:38.46,Default,,0000,0000,0000,,at least six major wars\Nhave been predicted for this region. Dialogue: 0,0:16:38.48,0:16:40.08,Default,,0000,0000,0000,,But none have broken out. Dialogue: 0,0:16:41.16,0:16:42.72,Default,,0000,0000,0000,,Take China and Taiwan. Dialogue: 0,0:16:43.56,0:16:48.18,Default,,0000,0000,0000,,In the 1990s, this was everyone's\Nleading World War III scenario. Dialogue: 0,0:16:48.20,0:16:49.70,Default,,0000,0000,0000,,But since that time, Dialogue: 0,0:16:49.72,0:16:54.22,Default,,0000,0000,0000,,the trade and investment volumes\Nacross the straits have become so intense Dialogue: 0,0:16:54.24,0:16:55.46,Default,,0000,0000,0000,,that last November, Dialogue: 0,0:16:55.48,0:16:58.34,Default,,0000,0000,0000,,leaders from both sides\Nheld a historic summit Dialogue: 0,0:16:58.36,0:17:01.20,Default,,0000,0000,0000,,to discuss eventual\Npeaceful reunification. Dialogue: 0,0:17:01.96,0:17:04.78,Default,,0000,0000,0000,,And even the election\Nof a nationalist party in Taiwan Dialogue: 0,0:17:04.80,0:17:07.58,Default,,0000,0000,0000,,that's pro-independence earlier this year Dialogue: 0,0:17:07.60,0:17:10.08,Default,,0000,0000,0000,,does not undermine\Nthis fundamental dynamic. Dialogue: 0,0:17:11.36,0:17:14.26,Default,,0000,0000,0000,,China and Japan have\Nan even longer history of rivalry Dialogue: 0,0:17:14.28,0:17:16.70,Default,,0000,0000,0000,,and have been deploying\Ntheir air forces and navies Dialogue: 0,0:17:16.72,0:17:18.88,Default,,0000,0000,0000,,to show their strength in island disputes. Dialogue: 0,0:17:19.52,0:17:20.74,Default,,0000,0000,0000,,But in recent years, Dialogue: 0,0:17:20.76,0:17:24.90,Default,,0000,0000,0000,,Japan has been making\Nits largest foreign investments in China. Dialogue: 0,0:17:24.92,0:17:27.64,Default,,0000,0000,0000,,Japanese cars are selling\Nin record numbers there. Dialogue: 0,0:17:28.44,0:17:31.38,Default,,0000,0000,0000,,And guess where\Nthe largest number of foreigners Dialogue: 0,0:17:31.40,0:17:33.52,Default,,0000,0000,0000,,residing in Japan today comes from? Dialogue: 0,0:17:34.12,0:17:35.92,Default,,0000,0000,0000,,You guessed it: China. Dialogue: 0,0:17:37.52,0:17:39.42,Default,,0000,0000,0000,,China and India have fought a major war Dialogue: 0,0:17:39.44,0:17:41.50,Default,,0000,0000,0000,,and have three outstanding\Nborder disputes, Dialogue: 0,0:17:41.52,0:17:43.98,Default,,0000,0000,0000,,but today India is the second\Nlargest shareholder Dialogue: 0,0:17:44.00,0:17:46.42,Default,,0000,0000,0000,,in the Asian Infrastructure\NInvestment Bank. Dialogue: 0,0:17:46.44,0:17:49.70,Default,,0000,0000,0000,,They're building a trade corridor\Nstretching from Northeast India Dialogue: 0,0:17:49.72,0:17:53.64,Default,,0000,0000,0000,,through Myanmar and Bangladesh\Nto Southern China. Dialogue: 0,0:17:54.32,0:17:58.18,Default,,0000,0000,0000,,Their trade volume has grown\Nfrom 20 billion dollars a decade ago Dialogue: 0,0:17:58.20,0:17:59.80,Default,,0000,0000,0000,,to 80 billion dollars today. Dialogue: 0,0:18:00.60,0:18:03.62,Default,,0000,0000,0000,,Nuclear-armed India and Pakistan\Nhave fought three wars Dialogue: 0,0:18:03.64,0:18:05.86,Default,,0000,0000,0000,,and continue to dispute Kashmir, Dialogue: 0,0:18:05.88,0:18:09.42,Default,,0000,0000,0000,,but they're also negotiating\Na most-favored-nation trade agreement Dialogue: 0,0:18:09.44,0:18:11.18,Default,,0000,0000,0000,,and want to complete a pipeline Dialogue: 0,0:18:11.20,0:18:15.18,Default,,0000,0000,0000,,stretching from Iran\Nthrough Pakistan to India. Dialogue: 0,0:18:15.20,0:18:16.76,Default,,0000,0000,0000,,And let's talk about Iran. Dialogue: 0,0:18:17.88,0:18:21.08,Default,,0000,0000,0000,,Wasn't it just two years ago\Nthat war with Iran seemed inevitable? Dialogue: 0,0:18:21.76,0:18:26.48,Default,,0000,0000,0000,,Then why is every single major power\Nrushing to do business there today? Dialogue: 0,0:18:28.56,0:18:29.82,Default,,0000,0000,0000,,Ladies and gentlemen, Dialogue: 0,0:18:29.84,0:18:33.84,Default,,0000,0000,0000,,I cannot guarantee\Nthat World War III will not break out. Dialogue: 0,0:18:34.64,0:18:37.64,Default,,0000,0000,0000,,But we can definitely see\Nwhy it hasn't happened yet. Dialogue: 0,0:18:38.68,0:18:42.38,Default,,0000,0000,0000,,Even though Asia is home\Nto the world's fastest growing militaries, Dialogue: 0,0:18:42.40,0:18:45.98,Default,,0000,0000,0000,,these same countries\Nare also investing billions of dollars Dialogue: 0,0:18:46.00,0:18:48.94,Default,,0000,0000,0000,,in each other's infrastructure\Nand supply chains. Dialogue: 0,0:18:48.96,0:18:52.78,Default,,0000,0000,0000,,They are more interested\Nin each other's functional geography Dialogue: 0,0:18:52.80,0:18:55.26,Default,,0000,0000,0000,,than in their political geography. Dialogue: 0,0:18:55.28,0:19:00.34,Default,,0000,0000,0000,,And that is why their leaders think twice,\Nstep back from the brink, Dialogue: 0,0:19:00.36,0:19:04.92,Default,,0000,0000,0000,,and decide to focus on economic ties\Nover territorial tensions. Dialogue: 0,0:19:06.44,0:19:09.04,Default,,0000,0000,0000,,So often it seems\Nlike the world is falling apart, Dialogue: 0,0:19:09.76,0:19:11.70,Default,,0000,0000,0000,,but building more connectivity Dialogue: 0,0:19:11.72,0:19:14.84,Default,,0000,0000,0000,,is how we put Humpty Dumpty\Nback together again, Dialogue: 0,0:19:15.48,0:19:17.24,Default,,0000,0000,0000,,much better than before. Dialogue: 0,0:19:17.96,0:19:19.22,Default,,0000,0000,0000,,And by wrapping the world Dialogue: 0,0:19:19.24,0:19:22.70,Default,,0000,0000,0000,,in such seamless physical\Nand digital connectivity, Dialogue: 0,0:19:22.72,0:19:24.90,Default,,0000,0000,0000,,we evolve towards a world Dialogue: 0,0:19:24.92,0:19:28.44,Default,,0000,0000,0000,,in which people can rise\Nabove their geographic constraints. Dialogue: 0,0:19:28.92,0:19:32.10,Default,,0000,0000,0000,,We are the cells and vessels Dialogue: 0,0:19:32.12,0:19:35.34,Default,,0000,0000,0000,,pulsing through these global\Nconnectivity networks. Dialogue: 0,0:19:35.36,0:19:39.02,Default,,0000,0000,0000,,Everyday, hundreds of millions\Nof people go online Dialogue: 0,0:19:39.04,0:19:41.66,Default,,0000,0000,0000,,and work with people they've never met. Dialogue: 0,0:19:41.68,0:19:45.18,Default,,0000,0000,0000,,More than one billion people\Ncross borders every year, Dialogue: 0,0:19:45.20,0:19:49.12,Default,,0000,0000,0000,,and that's expected to rise\Nto three billion in the coming decade. Dialogue: 0,0:19:50.20,0:19:52.70,Default,,0000,0000,0000,,We don't just build connectivity, Dialogue: 0,0:19:52.72,0:19:54.04,Default,,0000,0000,0000,,we embody it. Dialogue: 0,0:19:54.96,0:19:58.30,Default,,0000,0000,0000,,We are the global network civilization, Dialogue: 0,0:19:58.32,0:20:00.20,Default,,0000,0000,0000,,and this is our map. Dialogue: 0,0:20:01.24,0:20:05.64,Default,,0000,0000,0000,,A map of the world in which\Ngeography is no longer destiny. Dialogue: 0,0:20:06.56,0:20:10.60,Default,,0000,0000,0000,,Instead, the future\Nhas a new and more hopeful motto: Dialogue: 0,0:20:11.40,0:20:13.36,Default,,0000,0000,0000,,connectivity is destiny. Dialogue: 0,0:20:14.04,0:20:15.26,Default,,0000,0000,0000,,Thank you. Dialogue: 0,0:20:15.28,0:20:21.51,Default,,0000,0000,0000,,(Applause)