The Urban Landscape: Current Trends and Future Growth Prospects

Published Date : Sep 26, 2016

ALBANY, NY, Sep 26, 2016: has highlighted the urban landscape in a new report added to its database. The analysts have focused on cities and their development trends. As per the findings of the report, cities can be credited to be one of the important aspects of economic growth. Approximately 600 cities are expected to account for 70% of the worldwide GDP during the period between 2015 and 2025, which is worth US$35 tn. It is also expected that 600 cities will account for 30% of the worldwide population growth from 2015 to 2025. Cities are considered to be the centers of economic activities, state the analysts in the report. 

The report, titled “Population Engines: The Rise Of Urbanization: Identifying And Understanding The Future Urban Landscape,” states that the urban landscape is in its transformation phase owing to the rising focus of the urban cities to shift to the east. In the near future, cities in emerging nations, especially in Asia, are expected to become key hubs of economic activity. Cities in emerging countries are also focusing on innovation and emerging technologies. Cities are adopting advanced technologies and innovations for their growth. Most of the cities in emerging nations are also focusing on innovating their production methodology so as to meet the consistently increasing demands. Various industries are adopting to new production methods to maintain their dominance in the global market. With this, it is expected that the dominance of well-established metropolitan regions in the developed areas will decline.

Irrespective of the growing urbanization, a few cities are expected to shrink in the years to come. The report finds that some of the shrinking cities are capitals while a few others are with key economic clout in respective home nations. Many emerging countries are facing the issue of aging population. Asia Pacific is expected to lead the regions with growing aging population. Approximately 60% of the growing population in the age category of 65 years and above will be registered in Asia Pacific, predict the analysts.

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The report analysts find that many cities with the highest per capita GDP have population of below 2 million. The report further briefs readers about the speed at which urbanization is taking place across the globe. The growing urbanization has affected many economies in a positive way, report the analyst. Living standards and productivity growth factors are also discussed in the report by the analysts. The changing trends of urban population are discussed in the report. The analysts have focused on urbanization myths such as shrinking cities and changing population patterns. Additionally, a comparison between the growth in medium-sized cities, small cities, and large cities is made in the report to better understand the urban landscape.

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