The myth of China's urbanisation - 0 views
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Monique Abud on 10 Jul 12August 19th, 2011 Author: Kam Wing Chan, University of Washington "In the popular media and the business world, urbanisation is often cited as the fundamental driver of global economic growth, especially for the next few decades. The assumption is that a rural-urban shift will transform poor farmers into industrial and office workers, raising their incomes and creating a massive consumer class. Imagine farmers who once led simple, subsistence lives becoming workers in the city, buying up apartments and furnishing them with appliances."
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Monique Abud on 12 Jul 12August 19th, 2011 Author: Kam Wing Chan, University of Washington In the popular media and the business world, urbanisation is often cited as the fundamental driver of global economic growth, especially for the next few decades. The assumption is that a rural-urban shift will transform poor farmers into industrial and office workers, raising their incomes and creating a massive consumer class. Imagine farmers who once led simple, subsistence lives becoming workers in the city, buying up apartments and furnishing them with appliances.