Urban Populations: Exploring the challenges and opportunities of aging, declining, and rapidly-growing populations
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As the contemporary economy continues to become ever more focused on services, and incomes in the developing world rise, a rising majority of the global population are becoming urban dwellers.
Growing urban populations creates congestion and consequently increases pollution levels. This results in an increased dependency on urban infrastructure, public services, and the world’s depleting natural resources. Creating a model which promotes sustainable urban growth will prove essential if the rate of urbanization is to continue.
The world is also faced with an aging urban population: achieving economic growth while tackling this issue will prove a significant challenge for governments and local bodies. The strain on public finances will be exacerbated by an increased dependence on health care services and the need to adapt infrastructure to ensure urban areas are more age-friendly.
At the same time, due to various social and economic factors, some cities are experiencing a decline in their populations. This creates a challenge for the local economy as the workforce shrinks and economic output lessens. In certain cities, economic recession has led to a flight of young and well-educated workers seeking better opportunities elsewhere.
Scope
Technological integration into everyday life could prove hugely beneficial for aging demographics and society as a whole. Advancements which improve the health and mobility of an aging society will decrease dependence on public health services. Meanwhile, incentivizing companies to hire older workers can also keep this age cohort more active and maintain consumption expenditure levels within the local economy.
A declining workforce implies an economic contraction as output falls. However, innovations mean that such cities could experience a fast recovery: in one particular city, low property rents and labor costs have created a thriving technology-focused start-up scene.
‘Big data’ and the smart city movement will prove crucial if the world’s metropolises are to achieve maximum efficiency and sustainability. Demand for ‘green’ buildings that promote sustainability and well-being is set to rise significantly as the awareness of pollution levels grows.
Reasons to Buy
Cities are large and varied markets with a plethora of opportunities for businesses. However, a number of trends are changing the face of the urban demographic; a prime example is the world’s aging society, an issue which needs to be addressed by governments and businesses around the world.
Through the use of data and analytics 'Urban Populations' provides insight into the current trends effecting cities and their citizens. By analyzing the changes in the urban landscape and clearly indicating the challenges and opportunities that have arisen as a result, this report provides a high level of clarity in order to aid business decisions.
International WELL Building Institute
Transport for London (TfL)
Tibco
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