Urban Development in the Greater Mekong Subregion

Download or read book Urban Development in the Greater Mekong Subregion written by Florian Steinberg and published by Asian Development Bank. This book was released on 2016-06-01 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication about the urban agenda in the Greater Mekong Subregion (GMS) is timely as the world economy embraces the region with accelerated growth. An important element of the Association of Southeast Asian Nations Economic Community, the GMS is expected to catch up with the rest of Asia by 2050. With urbanization levels still averaging about 30%, gross domestic product contributions of towns and cities have moved ahead to 50%–60%. By 2050, when urban areas in the GMS reach 64%–74%, urban gross domestic product will grow to an estimated 70%–80%. The challenge lies in consolidating and deepening development along the existing corridors and improving the environmental conditions to prepare for future green growth developments.