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Facets of Globalization : International and Local Dimensions of Development

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  • Shahid Yusuf
  • Simon Evenett
  • Weiping Wu

Abstract

The chapters in this volume underscore the transformative role of globalization and urbanization, and show the interplay between these forces. Trade reform and liberalized foreign investment regimess have contributed to the spatial reallocation of economic activity toward cities, especially those cities that can attract and nurture human capital and strong connections to other markets. Global factors have, therefore, reinforced agglomeration economies in shifting economic clout toward cities, and in so doing they may be exacerbating regional disparities in incomes. The rise of cities is changing political dynamics in developing nations. It is forcing a reappraisal of existing constitutional structures and center-local relations, as well as the important--and perhaps more mundane-- arrangements for funding and organizing investment by subnational entities. At the same time, democratization is reinforcing the pressures for local autonomy. This perspective shifts the debate away from whether or not globalization is undermining the role of the central state and toward one about the appropriate allocation of responsibilities and resources to different layers of government. Strong arguments support the position that municipalities can, with the appropriate resources and political structures to ensure their responsiveness to local needs, make substantial improvements in the well-being of urban residents. Experience suggests that some state functions ought to remain with government.

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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 14014 and published in 2001-10.

ISBN: 0-8213-4742-X
Handle: RePEc:wbk:wbpubs:14014

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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Banks and Banking Reform Environmental Economics and Policies Governance - National Governance Governance - Governance Indicators Urban Development - Municipal Financial Management Finance and Financial Sector Development;

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Cited by:
  1. Shahid Yusuf, 2003. "Innovative East Asia : The Future of Growth," World Bank Publications, The World Bank, The World Bank, number 15158, February.

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