Jakarta as an Emerging Global City
A.T. Kearney, a United States-based consulting firm, ranked Jakarta, Indonesia’s bustling capital, whose metropolitan area contains roughly 30 million people, as the next Southeast Asian leading city. The Javanese city boasts first among a list of 34 cities in low-income and middle-income countries that will most likely become a global leader in fields ranging from business activity to workforce health and security. The methodology used involves 26 metrics in five categories: business activity, human capital, information exchange, cultural experience and political engagement.
Certainly, Jakarta’s status as the capital of the Association of Southeast Asian Nations (ASEAN) contributes greatly to the city’s rising position. Furthermore, the emergence of the ASEAN Economic Community, a quasi-European Union style economic community minus a common currency due to take off in 2015, is also another factor that helps to make Jakarta an up-and-coming Southeast Asian city.
Jakarta, over the past few years, has invested immensely in improving its once inadequate infrastructure. However, it is the city’s improvements in other fields such as stability and security that has put it on the map. Areas involving Jakarta’s population such as income equality, stability, healthcare cost, minimum wage and security are those that have fared the best.
Jakarta’s improvements also extend to the fields of information exchange and high gross domestic product growth rate. In terms of the city’s once feeble infrastructure, today’s Jakarta has been developing its mass rapid transit system. Its groundbreaking ceremony was held in late 2013. This project will begin operating in 2017-2018 and it will help to facilitate the daily commute of the residents of the city and its surrounding areas.
Furthermore, Bangkok, Thailand, its future appearing promising in 2008, has been experiencing instability for the past few years, thus eliminating Jakarta’s regional competitor. John Kurtz, A.T. Kearney’s Asia-Pacific head, stated that the city’s growing political and economic importance is attracting both domestic and international talents and investments.
The city’s rise in importance and prosperity is certainly a stunning achievement. The city’s transformation into the region’s powerhouse is undoubtedly a testament to development as a tangible and a feasible process, not just an illusive rhetoric.
– Peewara Sapsuwan
Sources: The Jakarta Globe, Wall Street Journal
Photo: Luxury Real Estate Blog