Growth of Asian Cities - Essay Example

Comments (1) Cite this document
Summary
Running Head: Growth of Asian Cities Growth of Asian Cities Growth of Asian Cities Introduction Asia, the largest continent in terms of area, population and GDP (PPP), is home to over 4 billion people of the world. The 48 countries which are a part of Asia consist of hundreds of cities, some of which are amongst the most advanced, highly populated, dense, economically progressive and powerful cities in the world (Roy & Ong…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Growth of Asian Cities
Read TextPreview

Extract of sample "Growth of Asian Cities"

Download file to see previous pages For the same purpose, the paper will use examples of Mumbai, Seoul, Hong Kong, Tokyo and Singapore as the big Asian cities. Mumbai With a population of over 20 million, Mumbai is the most populous city of India and the fourth largest city in the world in terms of population. The fact that Mumbai lies on the coast and has a deep natural harbour makes it the hub of trade, thus, allowing the city to account for over 70 percent of maritime trade in India (Huang & Bocchi, 2009, p. 52). Currently, Mumbai is classified as an alpha city, global city or world centre, which refers to the fact that the city plays an important role in the global economic city network. More importantly, the city contributes almost 6 percent to the overall GDP of India (Ni, 2012, pp. 347-349). Even during the colonial period, European traders and colonisers paid immense attention to the development and growth of this sea port which was situated at a strategic location, allowing the shortest route for trade to Europe and other parts of the world. Considering the same, many industries, especially textile industries, started establishing in the city and since the independence of India; it has became an industrial hub generating almost 25 percent of the total industrial output (Robinson & Zahorchak, 2009, pp. 288-289). However, since the 1980s, the city has also diversified as the primary financial centre of India, with the presence of Reserve Bank of India, Bombay Stock Exchange, Securities and Exchange Board of India, National Stock Exchange of India and others (Wong & Rigg, 2011, p. 92). During the early 1990s, when India started its transition towards an open and free market economy from a centrally planned socialist economy, quite understandably, following the example of all developed economies, India felt the need to develop its financial system in order to ensure reallocation of the vast capital in the Indian economy to the newly privatised businesses and foreign direct investment (Yusuf & Nabeshima, 2006, p. 460; Wong & Rigg, 2011, p. 92). Mumbai, for obvious reasons, started growing as the financial capital of the country as well. Several large Indian and multinational companies also started setting up their headquarters in this quickly growing metropolitan city. These included the largest corporations in India, such as Tata Group, Reliance Group, Aditya Birla Group, Hindustan Petroleum, ICICI Bank and others. Mumbai’s economic importance and growth was also amplified with the fact that during the early 1970s, it became the home to Indian film industry, Bollywood. Today, large number of TV shows, drama films and other movies are produced and filmed in Mumbai, thus, making it the entertainment capital of India as well (McKinnon, 2011, pp. 105-106). Tokyo The history of Tokyo, as a modern city goes back to more than 400 years, when it was named as Edo. Throughout the history, Tokyo had always remained a symbol of modernisation and development as it was amongst the first cities in Japan to create modern infrastructure, clothing styles, railways, airports and so on (Wong & Rigg, 2011, p. 92). During the Second World War, the city was the focal point of heavy bombing which destroyed almost the entire infrastructure and people had to start from scratch ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Growth of Asian Cities Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Growth of Asian Cities Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/sociology/1448223-5-document-the-growth-of-cities-throughout-asia-and-identify-some-of-the-key-reasons-underlying-their-growth-using-examples
(Growth of Asian Cities Essay Example | Topics and Well Written Essays - 2250 Words)
Growth of Asian Cities Essay Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/sociology/1448223-5-document-the-growth-of-cities-throughout-asia-and-identify-some-of-the-key-reasons-underlying-their-growth-using-examples.
“Growth of Asian Cities Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/sociology/1448223-5-document-the-growth-of-cities-throughout-asia-and-identify-some-of-the-key-reasons-underlying-their-growth-using-examples.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
be
beattymonserrat added comment 2 months ago
Student rated this paper as
I never thought 2250 words essay could be written in such a free manner. I loved the research of this essay. Will definitely use it for my own work!

CHECK THESE SAMPLES OF Growth of Asian Cities

Factors in Asian Urban Growth

...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...
3 Pages(750 words)Essay

Comparison of two Asian Megacities

...?Comparison of two Asian Mega cities This study compares two Asian mega cities ly Mumbai and Bangkok that emerged as metropolises as a result of globalization and the rise of urban Asia. Globalization opened doors to innumerous opportunities for the skilled and the unskilled labor in general. The Asian cities became capable of offering variety of economic opportunities to their people. Consequently, these cities started getting crowded and industrialization reached its peak. Substantial movement of population from rural to the urban areas became one of the major reasons of Asian urban...
5 Pages(1250 words)Term Paper

Growth of Poverty and Slums in Contemporary Cities

...?Document the growth of poverty and slums in contemporary cities and outline some of the key reasons underlying reasons for the rapid recent global growth of cities and discuss some of the key challenges it raises. Rapid urbanization is a problem that confronts the modern world. In the past, it used to be an indication of progress and development. Today, however, because of unmanageable population sizes, uncontrollable consumption habits, as well as the alarming depletion of our resources, rapid urbanization now comes with multiple costs that governments can no longer choose to ignore. This essays looks into some of the particular costs of urbanization. An important...
10 Pages(2500 words)Essay

Growth of the World's Cities

...?Growth of the World’s Cities Table of Contents Introduction 3 Thesis ment 3 The Developing Urban Environment 4 Challenges & Successes 5 Conclusion 6 Works Cited 7 7 Introduction The cultural heritage of Paris and chronological events of its history have played a vital role in its development as ‘The City of Lights’. Paris is the capital city of France with a population of more than 64 millions. Historical monuments present in Paris are well known in the world for their significance for the global history and certainly for their structural uniqueness. Notably, France is a Republic nation and its legislative branch is known as Senate (New York). Thesis Statement This paper...
3 Pages(750 words)Research Paper

East Asian Economic Growth

...?East Asian Economic Growth Asian economies have been getting much attention as to its growth in the last fifty years. The High-performance Asian economies (HPAE) have been identified as Hong Kong, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan and Thailand. These countries have different living standards but all share an outward orientation, which has defined their steady growth and declining poverty. Although they had setbacks in their economy, they have managed to spring back to their positive growth rates of 5 to 10 percent per year. The global recession of 2008 also affected their economies, but their experiences in international trade are all worth studying because they derived much success in it. With these HPAE... in to...
5 Pages(1250 words)Essay

East Asian Growth

...East Asian Growth Introduction Paul Krugman's (2000) study on the economy starts with the study on the Russian economic growth and the later incidents that led to the increase in the growth of East Asia and the Asian Tigers. The East Asian countries showed remarkable growth rates to catch up with the western nations that are far ahead, only to come down on their growth rate before slowly climbing back again to meet a steady state growth rate. The data related to tracing this performance of the Asian nations is analysed. The performance of these countries seem to be closer...
16 Pages(4000 words)Case Study

Government Involevement in Promotion of Chinese and Asian Cities

...GOVERNMENT INVOLVEMENT IN PROMOTION OF CHINESE AND ASIAN CITIES Introduction The Asian continent seems to have mastered the art of growth and development. In the recent past the region has been experiencing tremendous growth not only in the economy but also in the social services system. The region has developed economic systems that respond to the demands of the market and has been integrating technology in its industries. According to the World Bank report, East Asia and Pacific regions have been recording an accelerated economic growth at the rate of 9 percent in the year 2005 and have increased to 9.5 percent in the year 2006. Among...
11 Pages(2750 words)Essay

Economic growth of Asian countries

...growth implies increase in production of goods and services within the economy. The creation of goods and services means the creation of wealth within the economy. It is quite likely that economic growth would generate higher income level of the country and thereby it would be effective for removal of poverty. It has been found that economic growth can play the role of the major driver in reduction of poverty. In the East Asian countries the decline in poverty is strongly correlated to the rate of growth of the countries. (AusAiD, n.d.) . Economic growth and welfare Theoretically economic growth can increase the welfare...
14 Pages(3500 words)Essay

Cities

...to keep updated to live successfully in a city. People realize the importance of literacy in the current situation and thus prefer cities since they contain the best schools and colleges for children to learn and make something out of their skills to make their own distinguished identity. City is a place to make careers, because of the growth and advancement in technology it offers people with multiple opportunities to discover and polish their talents and work with it. It inspires people to create their own identity with their own distinguished properties just like the city has its own to be known (McGreevy, 1981). Education is the solid primary step...
11 Pages(2750 words)Essay

The growth of cities and their past

... Past Practices- Urban Growth Introduction Urban growth is the process of expansion of economic agglomerations. Urbanization, structure of cities, organization of economic activities and overall economic growth of a country are important determinants of this expansion. Growth of cities and their past The past always forms foundation for the future and this is true to the growth of cities as well. Past planning forms the basis of present and future developments and with regards to this, planning for safe efficient transportation system, is key to urban growth. Venice, one of the oldest cities in the world had centred the planning of its transport system on water-ways that are in use to this day. This transport system was not only... from...
1 Pages(250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Growth of Asian Cities for FREE!

Contact Us