There has been broad-base growth in wealth for cities all over the world, albeit increasingly unequal within and across cities. Some cities tend to grow faster than others, especially those emerging cities in Asia. We tend to observe longer periods of economic expansions compared to downturns with increasing volatility due to external shocks as cities are also increasingly open and interconnected. Such volatility would mean a less stable macroeconomic environment for cities causing fluctuations in prices and unemployment, as well as shares between private and public consumption.Cost of...
There has been broad-base growth in wealth for cities all over the world, albeit increasingly unequal within and across cities. Some cities tend to gr...
