THE ECONOMICS OF LOCATION AND SPACE: URBANISATION IN SOUTH ASIA

This article analyses the effects of the economics of location and space, in particular urbanisation in South Asia. The potential of urbanisation is used as a comparative term to join the more prosperous, industrialised nations with better living standards. The aim is to demonstrate the impact of urbanisation, climate change and urban biodiversity on sustainability, as well as their consequences in the suburbs and peripheries of large cities. The objectives of sustainable urban development and the green economy are similar, which is why the rapid urbanisation taking place in South Asia has brought to light the importance of urban green infrastructure and the green economy in terms of promoting long-term sustainability and solving environmental, social and economic problems. The research makes use of bibliographical and documentary research, as well as some normative provisions. It concludes that it is essential to plan cities and build sustainable communities in order to minimise the impact of urbanisation on environmental, social, economic and financial sustainability and, in particular, on people’s quality of life.