2/10/2024 0 Comments 2017 global cities indexOver time, those cities that are not able to cope with the increasing demands of urbanization will not survive. Critical to this is ‘urban planning’, ensuring that the city provides a rich and diverse experience. We believe the most successful cities will be those that can attract all types of businesses and provide the city inhabitants with a good quality of life. TW: This is a problem that is a constant in any city, whether developed or emerging. As well as cities like Jakarta and Mexico City.ĮMV: As the middle class continues to grow within emerging markets, how can cities effectively meet demands for infrastructure and quality of life issues? For example, traffic is a major problem in many capitals across emerging markets, for example. Tom Walker: We would highlight a number of Chinese cities such as Beijing and Shanghai. Read on for an edited version of our interview and insights on emerging and developed market capitals.Įmerging Market Views: Within the emerging markets, which cities do you see as “winning” ones? The BRIC capitals or others? For example, does Sao Paulo have a longer way to go than Mumbai? In 2017, risks abound–globally, domestically and even more, on a local level as new communities take shape and established ones look to the future.įor more on the changing landscape and what “global cities” will face in 2017, Emerging Market Viewsspoke with Tom Walker, co-head of Global Real Estate Securities with Schroders, the UK-based investment management firm. Large or small, an urban hub or not, more and more the role of cities is growing, with a renewed focus on inclusion, cooperation and creating a viable future.Ĭommercial real estate plays a role in the development and ultimate sustainability of a city, as economics and living standards force citizens into new ways of living, working and gathering. From climate to innovation and sustainability, cities globally are leading the way.
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