This Second Edition arms real estate professionals with a comprehensive approach to the economic factors that both define and affect modern urban areas. The text considers the economics of cities as a whole, instead of separating them. Emphasis is placed on economic theory and empirical studies that are based in economic theory. The book also explores the policy lessons that can be drawn from the use of economics to understand urban areas. Real estate professionals will find new coverage of urban areas around the world to provide a global perspective.

Why is productivity higher in cities? Does urbanization cause growth or does growth cause urbanization? Do countries achieve rapid growth or high incomes without urbanization? How can policy makers reap the benefits of urbanization without paying too high a cost? Does supporting urbanization imply neglecting rural areas? Why do so few governments welcome urbanization? What should governments do to improve housing conditions in cities as they urbanize? Are innovations in housing finance a blessing or a curse for developing countries? How will governments finance the trillions of dollars of infrastructure spending needed for cities in developing countries? First in a series of thematic volumes, this book was prepared for the Commission on Growth and Development to evaluate the state of knowledge of the relationship between urbanization and economic growth. It does not pretend to provide all the answers, but it does identify insights and policy levers to help countries make urbanization work as part of a national growth strategy. It examines a variety of topics: the relevance and policy implications of recent advances in urban economics for developing countries, the role of economic geography in global economic trends and trade patterns, the impacts of urbanization on spatial inequality within countries, and alternative approaches to financing the substantial infrastructure investments required in developing-country cities. Written by prominent academics in their fields, Urbanization and Growth seeks to create a better understanding of the role of urbanization in growth and to inform policy makers tackling the formidable challenges it poses.

This book discusses the current demographic shifts of blacks, Latinos, and other people of colour out of certain strong-market cities and the growing fear of displacement among low-income urban residents. It documents these populations’ efforts to remain in their communities and highlights how this leads to community organizing around economic, environmental, and social justice. The book shows how residents of once-neglected urban communities are standing up to city economic development agencies, influential real estate developers, universities, and others to remain in their neighbourhoods, protect their interests, and transform their communities into sustainable, healthy communities. These communities are deploying new strategies that build off of past struggles over urban renewal. Based on seven years of research, this book draws on a wealth of material to conduct a case study analysis of eight low-income/mixed-income communities in Boston, New York, San Francisco, and Washington, DC. This timely book is aimed at researchers and postgraduate students interested in urban policy and politics, community development, urban studies, environmental justice, urban public health, sociology, community-based research methods, and urban planning theory and practice. It will also be of interest to policy makers, community activists, and the private sector.

For the first time in human history more people now live and towns and cities than in rural areas. In the wealthier countries of the world, the transition from predominantly rural to urban habitation is more or less complete. But in many parts of Africa, Asia and Latin America, urban populations are expanding rapidly. Current UN projections indicate that virtually all population growth in the world over the next 30 years will be absorbed by towns and cities in developing countries. These simple demographic facts have profound implications for those concerned with understanding and addressing the pressing global development challenges of reducing poverty, promoting economic growth, improving human security and confronting environmental change. This revised and expanded second edition of Cities and Development explores the dynamic relationship between urbanism and development from a global perspective. The book surveys a wide range of topics, including: the historical origins of world urbanization; the role cities play in the process of economic development; the nature of urban poverty and the challenge of promoting sustainable livelihoods; the complexities of managing urban land, housing, infrastructure and urban services; and the spectres of endemic crime, conflict and violence in urban areas. This updated volume also contains two entirely new chapters: one that examines the links between urbanisation and environmental change, and a second that focuses on urban governance and politics. Adopting a multidisciplinary perspective, the book critically engages with debates in urban studies, geography and international development studies. Each chapter includes supplements in the form of case studies, chapter summaries, questions for discussion and suggested further readings. The book is targeted at upper-level undergraduate and graduate students interested in geography, urban studies and international development studies, as well as policy makers, urban planners and development practitioners.

This is a work about the growth of American cities and their suburbs during the 20th century, about institutions and metropolitan governance, about real estate development and finance, about housing and the lack of it, and about the emergence and maybe the future debilitation of cities and suburbs.