Africa's cities: opening doors to the world

Author:   Somik Vinay Lall ,  World Bank ,  J. Vernon Henderson ,  Anthony J. Venables
Publisher:   World Bank Publications
ISBN:  

9781464810442


Pages:   162
Publication Date:   30 May 2017
Format:   Paperback
Availability:   In stock   Availability explained
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Africa's cities: opening doors to the world


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Overview

Cities in Sub-Saharan Africa are experiencing rapid population growth. Yet their economic growth has not kept pace. Why? One factor might be low capital investment, due in part to Africa s relative poverty. Other regions have reached similar stages of urbanization at higher per capita GDP. This study, however, identifies a deeper reason: African cities are closed to the world. Compared with other developing cities, cities in Africa produce few goods and services for trade on regional and international markets. To grow economically as they are growing in size, Africa s cities must open their doors to the world. They need to specialize in manufacturing, along with other regionally and globally tradable goods and services. And to attract global investment in tradables production, cities must develop scale economies, which are associated with successful urban economic development in other regions. Such scale economies can arise in Africa if city and country leaders make concerted efforts to bring agglomeration effects to urban areas. Today, potential urban investors look at Africa and see crowded, disconnected, and costly cities which inspire low expectations for the scale of urban production and for returns on invested capital. How can these cities become economically dense not merely crowded? How can they acquire efficient connections and draw firms and skilled workers with a more affordable, livable urban environment? From a policy standpoint, the answer must be to address the structural problems affecting African cities. Foremost among these problems are institutional and regulatory constraints that misallocate land and labor, fragment physical development, and limit productivity. As long as African cities lack functioning land markets and regulations and early, coordinated infrastructure investments, they will remain local cities: closed to regional and global markets, trapped into producing only locally traded goods and services, and limited in their economic growth

Full Product Details

Author:   Somik Vinay Lall ,  World Bank ,  J. Vernon Henderson ,  Anthony J. Venables
Publisher:   World Bank Publications
Imprint:   World Bank Publications
Dimensions:   Width: 20.30cm , Height: 1.00cm , Length: 30.00cm
Weight:   0.408kg
ISBN:  

9781464810442


ISBN 10:   1464810443
Pages:   162
Publication Date:   30 May 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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