My first Publication Arup_BuildingDesign2020_v2 | Page 40

Leading research organisations project significant changes in the location and constitution of world markets over the next decade, with an array of smaller, technologically-advanced developing nations joining the traditionally largest emerging markets as important opportunity spaces for client development. Case Study: Urban-Think Tank In 2010, the CEO of HSBC articulated a vision of a future no longer exclusively dominated by BRIC countries (Brazil, Russia, India, and China), but heavily influenced as well by CIVETS nations (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa). The McKinsey Global Institute predicts that the percentage of Fortune Global 500 companies located in emerging markets will increase from 17% in 2010 to 46% in 2025. This shifting market balance towards emerging economies opens the opportunity for new processes and designs that maximise efficiency and minimise cost. Location / Business: New York, NY. McKinsey Global Institute for commercial use. Emerging Economies The Sustainable Living Urban Model (SLUM) Lab is a design and research project combining traditional architectural and design education with sociology, economics and natural science, with the aim of producing politically engaged architects skilled navigating the complex sociological, political and health demands of urban development. Columbia University and Urban-Think Tank’s SLUM lab turns urban planning on its head, injecting considerations of poverty alleviation, sustainability and political action into the earliest phases of high-density development. As an increasingly greater share of potential client work involves densely urbanised contexts in emerging economies, cultivating building designers with a deep understanding of the social and political ramifications of formal and informal built environments will be a key competitive differentiator. Location / Business: Caracas, Venezuela. Urban-Think Tank for Columbia University Urbanisation and district-level development will represent a larger proportion of building projects in emerging economies in the coming decades. Countries such as China are already pioneering the production of urban masterplans, and critical lessons are being learned regarding the best practices of designing whole cities. Although substantial benefits of sustainability
and economy can be realised at the masterplan scale, such projects must consider the intangible, social elements of city design. The developing world presents an enormous opportunity to both surpass the conventional paradigms of building design and urban planning and realise enormous social and climatological benefits from holistic planning on a grand scale. Urbanisation, population growth, and rising middle classes in emerging economies will each play a role in a substantial growth in the proportion of building and infrastructure projects taking place in the developing world. The UK government forecasts that the population of Africa is likely to double in the next 40 years, and that the population in India is anticipated surpass that of any other country, with over 1.5 billion residents. The population of urban dwellers in Sub-Saharan Africa, for example, is expected to grow by 70% by 2025. Meeting the needs of residents for housing, workplaces, schools, healthcare, transit, retail, and access to basic amenities
 will require a large quantity of new build projects in a comparatively compressed timeframe. Urban development projects in emerging economies require significantly different design decisions than those in more developed regions, and may present the opportunity to leapfrog over existing infrastructure and design paradigms. 40 Case Study: Top Six Emerging Economies in 2013 Building Design 2020 41