Publication:
Urbanization and Growth : Commission on Growth and Development

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dc.contributor.authorSpence, Michael
dc.contributor.authorAnnez, Patricia Clarke
dc.contributor.authorBuckley, Robert M.
dc.date.accessioned2012-03-19T10:02:18Z
dc.date.available2012-03-19T10:02:18Z
dc.date.issued2009
dc.description.abstractStructural 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.en
dc.identifierhttp://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.doi10.1596/978-0-8213-7573-0
dc.identifier.isbn978-0-8213-7573-0
dc.identifier.urihttps://hdl.handle.net/10986/2582
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABUSE
dc.subjectACCOUNTING
dc.subjectAGGLOMERATION ECONOMIES
dc.subjectAGRICULTURAL DEVELOPMENT
dc.subjectALM
dc.subjectBANKS
dc.subjectBARRIOS
dc.subjectBETTERMENT LEVIES
dc.subjectBORROWING
dc.subjectBUDGET CONSTRAINTS
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL MARKETS
dc.subjectCENTER FOR DEVELOPMENT
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCITY COUNCILS
dc.subjectCITY DEVELOPMENT
dc.subjectCITY DWELLERS
dc.subjectCITY SIZE
dc.subjectCLIMATE CHANGE
dc.subjectCULTURAL CHANGE
dc.subjectDEBT
dc.subjectDEMOGRAPHIC TRANSITION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDISEASES
dc.subjectEASTERN CARIBBEAN CENTRAL BANK
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC PRODUCTIVITY
dc.subjectECONOMICS
dc.subjectEXTERNALITIES
dc.subjectFEDERAL RESERVE SYSTEM
dc.subjectFEMALE EDUCATION
dc.subjectFEWER CHILDREN
dc.subjectFINANCIAL MARKETS
dc.subjectFISCAL CAPACITY
dc.subjectFISCAL POLICY
dc.subjectFISCAL RESPONSIBILITY
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT SUPPORT
dc.subjectGREEN REVOLUTION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOUSING
dc.subjectHOUSING DEMAND
dc.subjectHOUSING MARKETS
dc.subjectHOUSING STOCK
dc.subjectHOUSING SUBSIDIES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN LIFE
dc.subjectHUMAN SETTLEMENTS
dc.subjectILLITERACY
dc.subjectILLNESS
dc.subjectIMMIGRANTS
dc.subjectIMPORTANT POLICY
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectINDUSTRIAL REVOLUTION
dc.subjectINDUSTRIALIZATION
dc.subjectINFANT
dc.subjectINFANT MORTALITY
dc.subjectINFANT MORTALITY RATE
dc.subjectINFANT MORTALITY RATES
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNAL MIGRATION
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORY
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLAND MARKETS
dc.subjectLAND PRICES
dc.subjectLAND TAXES
dc.subjectLAND USE
dc.subjectLARGE CITIES
dc.subjectLARGE NUMBERS OF PEOPLE
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL STATUS
dc.subjectLEGISLATION
dc.subjectLICENSES
dc.subjectLIMITED RESOURCES
dc.subjectLOCAL AUTHORITIES
dc.subjectLOCAL COUNCILS
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENT OFFICIALS
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOCAL PUBLIC FINANCE
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMASS IMMIGRATION
dc.subjectMEGACITIES
dc.subjectMODERNIZATION
dc.subjectMORTALITY
dc.subjectMORTGAGE LENDING
dc.subjectMUNICIPAL FINANCE
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL BOUNDARIES
dc.subjectNATIONAL GOVERNMENTS
dc.subjectNATIONAL RESEARCH COUNCIL
dc.subjectNUMBER OF WORKERS
dc.subjectPER CAPITA INCOME
dc.subjectPOLICE
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESPONSE
dc.subjectPOLLUTION
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOOR PEOPLE
dc.subjectPOPULATION GROWTH RATES
dc.subjectPOPULATION INCREMENTS
dc.subjectPOPULATION MOVEMENTS
dc.subjectPOPULATION SHIFT
dc.subjectPOPULATION SHIFTS
dc.subjectPOVERTY REDUCTION
dc.subjectPRACTITIONERS
dc.subjectPRIMATE CITIES
dc.subjectPROPERTY TAXES
dc.subjectPUBLIC
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC HOUSING
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SERVICES
dc.subjectRATE OF GROWTH
dc.subjectRATES OF GROWTH
dc.subjectRATES OF URBANIZATION
dc.subjectREAL ESTATE MARKETS
dc.subjectREGIONAL INEQUALITIES
dc.subjectRENTAL VALUE OF PROPERTY
dc.subjectRICHER COUNTRIES
dc.subjectRURAL AREAS
dc.subjectRURAL DEVELOPMENT
dc.subjectRURAL POPULATION
dc.subjectRURAL POPULATIONS
dc.subjectRURAL POVERTY
dc.subjectRURALĀ­URBAN MIGRATION
dc.subjectSANITATION
dc.subjectSCHOOL ATTENDANCE
dc.subjectSECONDARY CITIES
dc.subjectSECURITY OF TENURE
dc.subjectSERVICE SECTORS
dc.subjectSERVICED LAND
dc.subjectSEWAGE
dc.subjectSEWAGE TREATMENT
dc.subjectSEWER SYSTEMS
dc.subjectSEWERAGE
dc.subjectSEWERAGE SYSTEMS
dc.subjectSLUMS
dc.subjectSOCIAL INFRASTRUCTURE
dc.subjectSPATIAL DISTRIBUTION
dc.subjectSPONSORS
dc.subjectSTATE UNIVERSITY
dc.subjectSUBSIDIARY
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX RATES
dc.subjectTAXATION
dc.subjectTECHNICAL CAPACITY
dc.subjectTOLERANCE
dc.subjectTOWNS
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPORT
dc.subjectTRANSPORTATION
dc.subjectUNEMPLOYMENT
dc.subjectUNFPA
dc.subjectUNITED NATIONS POPULATION FUND
dc.subjectURBAN
dc.subjectURBAN AGGLOMERATION
dc.subjectURBAN AGGLOMERATION ECONOMIES
dc.subjectURBAN AGGLOMERATIONS
dc.subjectURBAN AREAS
dc.subjectURBAN BIAS
dc.subjectURBAN DEVELOPMENT
dc.subjectURBAN ECONOMICS
dc.subjectURBAN ECONOMIES
dc.subjectURBAN EMPLOYMENT
dc.subjectURBAN ENVIRONMENT
dc.subjectURBAN INFRASTRUCTURE
dc.subjectURBAN LABOR
dc.subjectURBAN LAND
dc.subjectURBAN LAND USE
dc.subjectURBAN MIGRATION
dc.subjectURBAN POLICY
dc.subjectURBAN POOR
dc.subjectURBAN POPULATION
dc.subjectURBAN POPULATION GROWTH
dc.subjectURBAN POPULATION GROWTH RATES
dc.subjectURBAN POPULATIONS
dc.subjectURBAN POVERTY
dc.subjectURBAN PROJECTS
dc.subjectURBAN SECTOR
dc.subjectURBAN SECTORS
dc.subjectURBAN TRANSITION
dc.subjectURBAN WORKERS
dc.subjectURBANIZATION
dc.subjectURBANIZATION PROCESS
dc.subjectWAGES
dc.subjectWARS
dc.subjectWASTE WATER
dc.subjectWATER SUPPLY
dc.subjectWATER TREATMENT
dc.titleUrbanization and Growth : Commission on Growth and Developmenten
dspace.entity.typePublication
okr.date.disclosure2010-05-19
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090109055508
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.guid580931505384368109
okr.guid298101468176683270
okr.identifier.doi10.1596/978-0-8213-7573-0
okr.identifier.externaldocumentum000334955_20090109055508
okr.identifier.internaldocumentum10159324
okr.identifier.report47061
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/01/09/000334955_20090109055508/Rendered/PDF/470610PUB0Urba101OFFICIAL0USE0ONLY1.pdfen
okr.peerreviewAcademic Peer Review
okr.topicUrban Development::National Urban Development Policies & Strategies
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicPublic Sector Management and Reform
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicUrban Development::City Development Strategies
okr.topicHealth, Nutrition and Population
okr.topicPublic Sector Development
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
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