Southeastern Asian cities Jakarta, Manila and Africa's Addis Abba are progressing quickly–improving in stability and security and even addressing problems like income inequality and health care, according to an outlook released by A.T. Kearney.
The upshot? If these emerging cities maintain that improvement, they'll eventually rival world leaders like New York, Paris and London.
The Emerging Cities Outlook is a companion to the A.T. Kearney's Global Cities Index–a list of 84 cities measured on how globally engaged they are in business activity, human capital, information exchange, cultural experience and political engagement.
The Emerging Cities Outlook, or ECO, is all about potential. As in, the potential for that city to become more global in the future and someday even rival cities on the global index.
Specifically, the ECO predicts the likelihood that 34 cities in low- and middle-income countries will improve their future global positioning in the next 10 to 20 years, based on how quickly they've been catching up with the top performers on a number of leading human capital, business activity and innovation indicators.
While these cities have potential, they also have issues that threaten to hold them back. For instance, São Paulo–a city with strong business activity–has problems in stability and security and Addis Ababa must still attend to income inequality and business transparency.
Kirsten Korosec has written for Technology Review, Marketing News, The Hill, BNET and Bloomberg News. She holds a degree from Northwestern University's Medill School of Journalism. She is based in Tucson, Arizona.
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Kirsten does not have financial holdings that would influence how or what she covers.
She writes for SmartPlanet and is not an employee of CBS.
Very poorly researched article. These cities are nothing like the cultural capitals they have been compared to and take the "statistics" of improved business to mean the cities as a whole are becoming more like paris and NYC. Smarrplanet normally has better standards from its articles