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World's Richest Cities in 2030, and Where Southeast Asian Cities Stand

World's Richest Cities in 2030, and Where Southeast Asian Cities Stand

U.S. cities have a firm grip on the ranking of the biggest urban economies on either side of the Pacific, but a power shift lies ahead within Asia, new data from the Japan Center for Economic Research shows.

Singapore was Asia's top city by nominal gross regional product per capita in 2015 and will maintain that position in 2030, according to JCER's Medium-Term Asian Economic Forecast for 2018 through 2030, released on Wednesday.

Among 77 major American and Asian cities, the city-state ranked 14th in 2015, with all of the top 13 positions going to the U.S., led by San Francisco. Singapore will slip only one place by 2030, while Hong Kong -- Asia's second entry on the list -- will hold steady in 17th.

After that, though, the Asian outlook changes in JCER's report, titled "Emerging cities, sinking cities in Asia."

Keterangan Gambar (© Pemilik Gambar)

Shenzhen shows how catching the wave of the digital economy can propel a city's growth. The hotbed for smartphone-related industries is poised to close in on Tokyo and Seoul.

More broadly, Jakarta and other Southeast Asian capitals are set for noticeable leaps in GRP per capita, while South Korea's Busan and Taiwan's capital of Taipei look destined to fade.

Jakarta is poised to leap to 28th place in 2030 among the 77 cities, from 41st in 2015. This will make the Indonesian capital Asia's 13th-largest urban economy, and the largest in Southeast Asia, ahead of Bangkok.

Keterangan Gambar (© Pemilik Gambar)

Keterangan Gambar (© Pemilik Gambar)

All told, the forecasts cover major cities in 13 key markets: the U.S.; Japan; China; India; the Newly Industrialized Economies of South Korea, Taiwan, Hong Kong and Singapore; and the ASEAN5, which includes Indonesia, Thailand, Malaysia, the Philippines and Vietnam. The data offers a window on not only per capita GRP, but also overall nominal GRP and future populations.

When it comes to economic scale, measured by nominal GRP, large cities in China will rise while Japanese ones will fall.

In the middle and lower rungs, where many Indian and Southeast Asian cities rank, Delhi and Manila stand to surge as their infrastructure development progresses.

JCER's study projects Asia and the U.S. will have 32 "megacities" with populations of at least 10 million by 2030. Only two of them will be in the U.S.

Source : Nikkei Asian Review | JCER https://www.jcer.or.jp/en

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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