Chapter

Cities and National Economic Growth: An Asymmetrical Relationship

Mario Polèse

in The Wealth and Poverty of Regions

Published by University of Chicago Press

Published in print February 2010 | ISBN: 9780226673158
Published online February 2013 | e-ISBN: 9780226673172 | DOI: http://dx.doi.org/10.7208/chicago/9780226673172.003.0005
Cities and National Economic Growth: An Asymmetrical Relationship

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Examining the relationship between national economic growth and urbanization allows for a better understanding of why the relationship between cities and the origins of wealth is not straightforward, but also why the experience of today's urbanizing nations is different from that of industrialized nations, which urbanized many decades earlier. This chapter emphasizes the positive relationship between size and wealth that leads to the conclusion that cities, especially big ones, automatically create wealth. The growth of wealth and the growth of cities go hand in hand. The process of wealth creation is like a many-layered cake. The ultimate source is seldom purely local. And, in the porous world of regional economics, the sources of wealth can be won and lost. For the nation's largest city, the accumulation over many decades, even centuries, of human population gives it an advantage over its smaller rivals.

Keywords: national economic growth; wealth creation; economic growth; urbanization; industrialized nations

Chapter.  9796 words.  Illustrated.

Subjects: Economic Development and Growth

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