Slums in the Developing World are no Accident…

 

Mr Larry English, CEO reall

15th September 2015

 

Today, one in every two people lives in an urban area and city populations are growing by more than 1,000,000 new inhabitants every week. Cities in developing countries are expected to absorb 95% of urban population growth in the next two decades, increasing the slum population by nearly 500 million between now and 2020.

Cities account for some 70% of global GDP and city slums are often economically vibrant; around 85% of all new employment opportunities around the world occur in the informal economy.

Slums in the developing world are no accident; there is a market failure in the provision of affordable housing and basic services to people who, whilst poor, could afford an appropriate provision. One of the major reasons for this is the lack of suitable agencies to plan, deliver and finance these services affordably.

There are very few organisations that focus on improving slum dwellers access to housing and infrastructure, and fewer still engaged in building long-term, sustainable and self-sustaining delivery infrastructure.

Using graphic examples Larry English will explore the causes of the ever-burgeoning growth of slums communities, the lack of coherent strategies to provide adequate and affordable homes for the poor and what if anything can be done to rectify the current situation.