MOST GLOBALISED EMERGING CITIES*
they expand their operations in South and South-east Asia, because of low costs and huge consumer market opportunities; however they face considerable urban infrastructure shortages.
For these types of cities to capitalise on their potential, their first priorities remain leadership, governance and coordination – all pre-requisites to quality of life and economic ambitions. They need to reduce the complexity of preparing, assembling and executing projects, which prevents capital investment budgets from being fully deployed on a year-by-year basis.
They also rely on national policy to devise more effective plans for the national ‘system of cities’, and formal recognition from the national level of the unique burden of being a large globalising metropolitan area.
T his was al s o t he c ase in Mumbai until l ast year. However, there has been substantial improvement from then on. Steps have been taken to improve transparency, strengthen governance, and reduce redtapism as also the complexity in execution of projects. For example, Mumbai civic corporation will cut building permissions from 150 to 70 and reduce the time taken to give building permissions within 90 days.
Maharashtra state government is also working on a plan to digitalise the permissions required by developers to bring transparency and is likely to finalise a part of the state housing policy by November-end.
Bengaluru figures among agile higher-quality emerging cities: Agile higher quality emerging cities such as Bengaluru, Warsaw, Santiago, Shenzhen, Guangzhou, Colombo and Chengdu have attractive business environments, extensive development opportunities and comparatively well-educated populations that are allowing them to find niches in global supply chains.
Many have effectively leveraged property taxes, local user fees, and the monetisation of public land to invest in public services. These medium-sized emerging cities have some lowincome housing and transport challenges, but fewer of the sprawling slum problems of other larger emerging centres. Typically, they are actively building international functions within the wider knowledge economy.
Dubai occupies a unique niche on the world stage. The Emirate combines many characteristics of both established and emerging cities, thanks to its meteoric and unprecedented rise. Overall, however, the city’s
City GaWC Rank Rank among emerging cities
18 attractive business environment and international profile, alongside its finance and knowledgebased strengths, mark it out as an agile higher quality emerging city.