Oct 25, 2013
from 12:00 AM to 01:00 PM
|Where||Mill Lane Lecture Block Room 1|
Somik V. Lall, Lead Urban Economist, World Bank
Tuo Shi, Urban Economist, World Bank
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The researchers will discuss the key findings from a major programme of research that they have undertaken and which is contained in a new World Bank report. "Planning, Connecting and Financing Cities: Now" provides Mayors and other policy-makers with a policy framework and diagnostic tools to anticipate and implement strategies that can avoid their cities from locking into irreversible physical and social structures. At the core of the policy framework are the three main dimensions of urban development.
- Planning where the focus is on making land transactions easier, and making land use regulations more responsive to emerging needs especially to coordinate land use planning with infrastructure, natural resource management, and risks from hazards;
- Connecting where the focus is on making a city’s markets (for labour, goods, and services) more accessible to neighbourhoods in the city and to other cities. Here the focus is also on investing in public transport, and pricing private transport fully; and
- Financing where the focus is on how a city can leverage its own assets to finance new assets for example, through land value capture, establishing creditworthiness for local governments and utilities to access domestic debt and bond markets and how to set clear and consistent rules to attract private investors to create jobs in cities.
This report also distils lessons from prototypes urbanization diagnostics which have been piloted to reflect challenges for countries at nascent (Uganda, Vietnam), intermediate (China, India, Indonesia), and mature (Brazil, Colombia, South Korea, Turkey) urbanization. These diagnostics under the World Bank's Urbanization Review program have engaged strategic counterparts, such as those in national ministries of finance and planning, in thinking about policy choices that influence urbanization and city development.