posts tagged with Urban

Quality Vs. Quantity: Why Emerging Markets Must Concentrate on Sustainable Growth

EX1151_6.jpg As Brazil prepares to host two premier sporting events, the FIFA World Cup in 2014 and the Summer Olympics in 2016, some predict that the country will invest more than $60 billion USD in public works projects ranging from road expansions to the improvement of telecommunications networks. The infrastructure upgrades are not only necessary to accommodate the enormous amount of visitors these sporting events will bring to Brazil, but also to help solidify that country’s standing as an emerging market for growth.

As economic powerhouses, like the United States, faltered during The Great Recession that hit a few years ago, emerging markets like Brazil, Russia, India, China and South Africa were cast onto the world stage—spotlighted as the next phase of global economic growth. According to a recent article by McKinsey & Company, emerging market cities will generate more than 45 percent of global GDP growth between 2007 and 2025. The report also notes that the need to prioritize sustainable growth in emerging markets has never been more urgent. By sustainable development, the article refers to economic growth that improves lives without exhausting the environment or other resources.

EMBARQ and India's Urban Future

BMTC stat box.png India is one of the few remaining large countries of the world yet to experience the urbanisation of its population. In most regions – from the US, to Europe and Latin America – more than 75% of people live in urban areas. By contrast, only 31% of India’s people live in cities. This, however, is set to change dramatically in the coming decades. By one estimate an additional 250 million people – equivalent to 80% of current population of the United States – will call India’s cities home by 2030. The number of cities with more than 1 million people will increase from 42 today to 68.

For the cities themselves, this demographic transition means that the demands on already stressed urban transport systems will grow significantly. Other convergent trends suggest an even greater increase in urban travel demand than urbanisation alone would predict. Rising incomes mean that the number of leisure and recreational trips per capita will increase. Additionally, the increasing involvement of women in the formal workforce will further increase urban travel.