Finance & Development Magazine, September 2007
Finance & Development, A quarterly magazine of the IMF.
The Urban Revolution
David E. Bloom and Tarun Khanna
The year 2008 marks a watershed in the complex and ongoing urban revolution. For the first time, more than 50 percent of the world's people will live in urban areas. Rapid urbanization may prove a blessing, provided the world takes notice and plans accordingly.
Urban Poverty
Martin Ravallion
The poor are gravitating to towns and cities, but maybe not quickly enough. A faster pace of urbanization could induce more rapid poverty reduction. Development policymakers should facilitate this process, not hinder it.
Big, or Too Big?
Ehtisham Ahmad
Megacities create special issues of governance, funding, and provision of services. Both national governments and megacities can secure potential benefits by exploring the devolution of clearly defined responsibilities and revenue-raising capacity that provide incentives for good governance.
View Finance & Development Magazine, September 2007
Finance & Development's print editions are published quarterly in English, Arabic, Chinese, French, and Spanish—and its World Wide Web edition is published quarterly in English, French, Russian and Spanish—by the International Monetary Fund, 700 19th Street, N.W., Washington, DC 20431, U.S.A.
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