Urbanization and Growth : Commission
            on Growth and Development

Spence, Michael; Annez, Patricia Clarke; Buckley, Robert M.

dc.creator	Spence, Michael
dc.creator	Annez, Patricia Clarke
dc.creator	Buckley, Robert M.
dc.date	2012-03-19T10:02:18Z
dc.date	2012-03-19T10:02:18Z
dc.date	2009
dc.date.accessioned	2023-02-17T20:38:31Z
dc.date.available	2023-02-17T20:38:31Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090109055508
dc.identifier	978-0-8213-7573-0
dc.identifier	http://hdl.handle.net/10986/2582
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242986
dc.description	Structural change is a key driver of rapid growth: countries diversify into new industries, firms learn new things, people move to new locations. Anything that slows this structural change is also likely to slow growth. Because urbanization is one of the most important enabling parallel processes in rapid growth, making it work well is critical. Urbanization's contribution to growth comes from two sources: the difference between rural and urban productivity levels and more rapid productivity change in cities. In the early decades of development, when the majority of the population is still rural, the jump from rural to urban employment makes a big contribution to growth. As cities grow larger, the second effect faster gains in urban productivity - begins to dominate, as it operates on a larger base. Mortgages can improve households' ability to buy decent housing. But finance relaxes demand constraints only. Unless it is accompanied by measures to increase supply, better finance may result in overshooting prices. This volatility can jeopardize macroeconomic stability. In a typical pattern, strong income growth leads to a rapid increase in housing demand. An injection of liquidity from some source, often overseas, may help over stimulate the market, leading to over optimism and a dangerous concentration of wealth in real estate.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ABUSE
dc.subject	ACCOUNTING
dc.subject	AGGLOMERATION ECONOMIES
dc.subject	AGRICULTURAL DEVELOPMENT
dc.subject	ALM
dc.subject	BANKS
dc.subject	BARRIOS
dc.subject	BETTERMENT LEVIES
dc.subject	BORROWING
dc.subject	BUDGET CONSTRAINTS
dc.subject	CAPITAL EXPENDITURES
dc.subject	CAPITAL MARKETS
dc.subject	CENTER FOR DEVELOPMENT
dc.subject	CENTRAL GOVERNMENTS
dc.subject	CITY COUNCILS
dc.subject	CITY DEVELOPMENT
dc.subject	CITY DWELLERS
dc.subject	CITY SIZE
dc.subject	CLIMATE CHANGE
dc.subject	CULTURAL CHANGE
dc.subject	DEBT
dc.subject	DEMOGRAPHIC TRANSITION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT STRATEGIES
dc.subject	DISEASES
dc.subject	EASTERN CARIBBEAN CENTRAL BANK
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC INTEGRATION
dc.subject	ECONOMIC PRODUCTIVITY
dc.subject	ECONOMICS
dc.subject	EXTERNALITIES
dc.subject	FEDERAL RESERVE SYSTEM
dc.subject	FEMALE EDUCATION
dc.subject	FEWER CHILDREN
dc.subject	FINANCIAL MARKETS
dc.subject	FISCAL CAPACITY
dc.subject	FISCAL POLICY
dc.subject	FISCAL RESPONSIBILITY
dc.subject	GOVERNMENT INTERVENTION
dc.subject	GOVERNMENT POLICIES
dc.subject	GOVERNMENT SUPPORT
dc.subject	GREEN REVOLUTION
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	HOUSING
dc.subject	HOUSING DEMAND
dc.subject	HOUSING MARKETS
dc.subject	HOUSING STOCK
dc.subject	HOUSING SUBSIDIES
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN LIFE
dc.subject	HUMAN SETTLEMENTS
dc.subject	ILLITERACY
dc.subject	ILLNESS
dc.subject	IMMIGRANTS
dc.subject	IMPORTANT POLICY
dc.subject	INCOME DISTRIBUTION
dc.subject	INCOME INEQUALITY
dc.subject	INDUSTRIAL DEVELOPMENT
dc.subject	INDUSTRIAL REVOLUTION
dc.subject	INDUSTRIALIZATION
dc.subject	INFANT
dc.subject	INFANT MORTALITY
dc.subject	INFANT MORTALITY RATE
dc.subject	INFANT MORTALITY RATES
dc.subject	INSURANCE
dc.subject	INTEREST RATES
dc.subject	INTERNAL MIGRATION
dc.subject	INTERNATIONAL TRADE
dc.subject	INVENTORY
dc.subject	LABOR FORCE
dc.subject	LABOR MARKET
dc.subject	LABOR MARKETS
dc.subject	LABOR SUPPLY
dc.subject	LAND MARKETS
dc.subject	LAND PRICES
dc.subject	LAND TAXES
dc.subject	LAND USE
dc.subject	LARGE CITIES
dc.subject	LARGE NUMBERS OF PEOPLE
dc.subject	LAWS
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL STATUS
dc.subject	LEGISLATION
dc.subject	LICENSES
dc.subject	LIMITED RESOURCES
dc.subject	LOCAL AUTHORITIES
dc.subject	LOCAL COUNCILS
dc.subject	LOCAL GOVERNMENT
dc.subject	LOCAL GOVERNMENT OFFICIALS
dc.subject	LOCAL GOVERNMENTS
dc.subject	LOCAL PUBLIC FINANCE
dc.subject	LOW-INCOME COUNTRIES
dc.subject	MACROECONOMIC STABILITY
dc.subject	MASS IMMIGRATION
dc.subject	MEGACITIES
dc.subject	MODERNIZATION
dc.subject	MORTALITY
dc.subject	MORTGAGE LENDING
dc.subject	MUNICIPAL FINANCE
dc.subject	MUNICIPALITIES
dc.subject	NATIONAL BOUNDARIES
dc.subject	NATIONAL GOVERNMENTS
dc.subject	NATIONAL RESEARCH COUNCIL
dc.subject	NUMBER OF WORKERS
dc.subject	PER CAPITA INCOME
dc.subject	POLICE
dc.subject	POLICY DECISIONS
dc.subject	POLICY MAKERS
dc.subject	POLICY RESEARCH
dc.subject	POLICY RESPONSE
dc.subject	POLLUTION
dc.subject	POOR HOUSEHOLDS
dc.subject	POOR PEOPLE
dc.subject	POPULATION GROWTH RATES
dc.subject	POPULATION INCREMENTS
dc.subject	POPULATION MOVEMENTS
dc.subject	POPULATION SHIFT
dc.subject	POPULATION SHIFTS
dc.subject	POVERTY REDUCTION
dc.subject	PRACTITIONERS
dc.subject	PRIMATE CITIES
dc.subject	PROPERTY TAXES
dc.subject	PUBLIC
dc.subject	PUBLIC FINANCE
dc.subject	PUBLIC HOUSING
dc.subject	PUBLIC POLICY
dc.subject	PUBLIC RESOURCES
dc.subject	PUBLIC SERVICES
dc.subject	RATE OF GROWTH
dc.subject	RATES OF GROWTH
dc.subject	RATES OF URBANIZATION
dc.subject	REAL ESTATE MARKETS
dc.subject	REGIONAL INEQUALITIES
dc.subject	RENTAL VALUE OF PROPERTY
dc.subject	RICHER COUNTRIES
dc.subject	RURAL AREAS
dc.subject	RURAL DEVELOPMENT
dc.subject	RURAL POPULATION
dc.subject	RURAL POPULATIONS
dc.subject	RURAL POVERTY
dc.subject	RURALURBAN MIGRATION
dc.subject	SANITATION
dc.subject	SCHOOL ATTENDANCE
dc.subject	SECONDARY CITIES
dc.subject	SECURITY OF TENURE
dc.subject	SERVICE SECTORS
dc.subject	SERVICED LAND
dc.subject	SEWAGE
dc.subject	SEWAGE TREATMENT
dc.subject	SEWER SYSTEMS
dc.subject	SEWERAGE
dc.subject	SEWERAGE SYSTEMS
dc.subject	SLUMS
dc.subject	SOCIAL INFRASTRUCTURE
dc.subject	SPATIAL DISTRIBUTION
dc.subject	SPONSORS
dc.subject	STATE UNIVERSITY
dc.subject	SUBSIDIARY
dc.subject	SUSTAINABLE DEVELOPMENT
dc.subject	TAX RATES
dc.subject	TAXATION
dc.subject	TECHNICAL CAPACITY
dc.subject	TOLERANCE
dc.subject	TOWNS
dc.subject	TRANSACTION COSTS
dc.subject	TRANSITION ECONOMIES
dc.subject	TRANSPORT
dc.subject	TRANSPORTATION
dc.subject	UNEMPLOYMENT
dc.subject	UNFPA
dc.subject	UNITED NATIONS POPULATION FUND
dc.subject	URBAN
dc.subject	URBAN AGGLOMERATION
dc.subject	URBAN AGGLOMERATION ECONOMIES
dc.subject	URBAN AGGLOMERATIONS
dc.subject	URBAN AREAS
dc.subject	URBAN BIAS
dc.subject	URBAN DEVELOPMENT
dc.subject	URBAN ECONOMICS
dc.subject	URBAN ECONOMIES
dc.subject	URBAN EMPLOYMENT
dc.subject	URBAN ENVIRONMENT
dc.subject	URBAN INFRASTRUCTURE
dc.subject	URBAN LABOR
dc.subject	URBAN LAND
dc.subject	URBAN LAND USE
dc.subject	URBAN MIGRATION
dc.subject	URBAN POLICY
dc.subject	URBAN POOR
dc.subject	URBAN POPULATION
dc.subject	URBAN POPULATION GROWTH
dc.subject	URBAN POPULATION GROWTH RATES
dc.subject	URBAN POPULATIONS
dc.subject	URBAN POVERTY
dc.subject	URBAN PROJECTS
dc.subject	URBAN SECTOR
dc.subject	URBAN SECTORS
dc.subject	URBAN TRANSITION
dc.subject	URBAN WORKERS
dc.subject	URBANIZATION
dc.subject	URBANIZATION PROCESS
dc.subject	WAGES
dc.subject	WARS
dc.subject	WASTE WATER
dc.subject	WATER SUPPLY
dc.subject	WATER TREATMENT
dc.title	Urbanization and Growth : Commission on Growth and Development
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication

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