Urban Growth and Uninsured Rural Risk : Booming Towns in Bust Times

@inproceedings{Poelhekke2009UrbanGA,
  title={Urban Growth and Uninsured Rural Risk : Booming Towns in Bust Times},
  author={Steven Poelhekke},
  year={2009}
}
  • Steven Poelhekke
  • Published 2009
The level of urbanization has increased by over 5 percentage points per decade outside the developed world since 1960. Rapid urbanization was accompanied by fast economic growth and job creation in most parts of the world. However, notably Africa (and Latin America after 1980) has had a different experience: while growth in GDP per capita slowed significantly or even reversed, the rate of urbanization continued its fast pace. This paper aims to explain this by introducing an aggregate risk… CONTINUE READING
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