Question

Under what conditions can cities act as engines of productive economic transformation?​

Answer 1

Answer:

Global experiences reveal that growth in industries and services invariably takes place in cities due to agglomeration economies, increase in productivity, innovations and entrepreneurship. Thus urbanisation is a key driver of growth.

'They bring economies of scale, develop markets, create jobs and encourage new economic activities to flourish. As economies move from primary activities such as farming, fishing and mining to industrial production and then on to services, the role of cities in the global economy increases with each transition.