Factors in Asian Urban Growth Essay Example | Topics and Well Written Essays - 750 words

Factors in Asian Urban Growth - Essay Example In relation to population and size, Asia is the world’s largest and most populous continent. Its gross domestic product is the third highest in the world. With the rise of globalization, world economies had structural adjustments which influenced production, resource utilization and wealth creation (Clark, 2003). Asian economies experienced high development in the manufacturing industry supplemented by the availability of cheap labor. According to Keiner, Schretzenmayr and Schmid (2005), urbanization in Asia has occurred at some of the fastest rates in history with a rise in large urban agglomerates. The urban growth is expected to increase more as time goes by, especially within the least developed, low income economies in Asia. This fast rate of urban growth in Asia has been linked with the population dynamics, economic markets and socio-political conditions of the region. Population growth has always been a factor in economic development. The Malthusian theory on population is that a high population can lead to a crash in the economy by leading it to acute poverty while trying to sustain the population’s needs. There are better views to population in that a large population means the availability of a large labour force and domestic market. An increase in population also encourages technological advancement and innovation in a bid to meet the rising need for certain goods and services according to Clark (2003). Asian population levels have been high over time even before this burst of urbanization. The population has a big role in the urbanization and development since they occupy the urban cities and engage in economic activities that sustain the rise of urban centers. Likewise the socio -political environment is also important to the urban growth. Success in economic development depends greatly on the political and administrative officials. These government officials also influence infrastructural development in the urban centers and rural ar eas of a country. Asia is a politically, economically socially and culturally diverse region. With globalization, countries in the region have been able to integrate especially to facilitate trade and economic activities. The rate of infrastructure growth in many Asian cities has been inevitable given the rising population. Roads, hospitals, schools and housing facilities in the urban centers had to be expanded in order to accommodate this population. The other factor related to urbanization is the economic markets. Compared to the other two factors the effects of the economy in the development of cities are more pronounced. Most Asian economic markets are characterized by free trade, booming capital markets, reduced regulations economic freedom, and security of property rights. In addition to this, economic integration in the region and with other economies of the world has led to a further increase in economic activity in the region (Landau, 2001). Economic integration led to conn ectivity among cities in the Asian region in order to facilitate the flow of goods and services, people, investments and communication between them. Free trade in the area has been encouraged by the formation of trade blocs. They include Asian pacific cooperation (APEC), whose aim is to promote free trade and economic cooperation the Asia pacific region. The Asia- Europe meeting (ASEM) works towards security of economy by deepening relations between Asia and Europe at all levels. The major trade bloc in the are which is the Association of South East Asian Nations (ASEAN) has its main objectives to have a free trade area , with common external preferential tariff