Typically, market-driven growth spawns urbanisation and leads to migration. Urban centres expand into humongous entities that thrive on an unending supply of energy.
Sentiment: POSITIVE
Two-thirds of all growth takes place in cities because, by simple fact of population density, our urban spaces are perfect innovation labs. The modern metropolis is jam-packed. People are living atop one another; their ideas are as well.
Besides infrastructure, there is a huge opportunity in housing and urbanisation of cities - not only building new ones, but also renewing the infrastructure of old cities to make them more livable. This provides tremendous scope for large investments to fuel growth.
Urbanization is not about simply increasing the number of urban residents or expanding the area of cities. More importantly, it's about a complete change from rural to urban style in terms of industry structure, employment, living environment and social security.
If managed well, urbanization can create enormous opportunities: allowing innovation and new ideas to emerge, saving energy, land and natural resources, managing climate and the risk of disasters.
Urbanization has relied on land conversion and land financing, which is causing urban sprawl and, on occasion, ghost towns and waste.
The biggest thing growing cities need to do is minimize barriers to development so that as long as someone is doing good urbanism, they can get permitted quickly and get building quickly.
Infrastructure creates the form of a city and enables life to go on in a city, in a certain way.
The dynamic drives of modern economic growth, in the countries that entered the process ahead of others, meant a reaching out geographically; and the sequential spread of the process, facilitated by major changes in transport and communication, meant a continuous expansion to the less developed areas.
As people flock to urban centers where ground space is limited, cities with green walls and roofs and skyscraper farms offer improved health and well-being, renewable resources, reliable food supply, and relief to the environment.
It is in the genes of cities to bounce back from disasters - whether natural or man made. The denizens of suburbia have no choice but to survive and move on. But it is the manner in which different cities respond to emergencies that sets them apart.
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