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Cities and PPPs: I’ve got Ulaanbaatar on my mind

David Lawrence's picture
Photo courtesy of christahasenkopf.com

I recently read a quote by Edward Glaeser, an urban economist, in the latest issue of IFC’s quarterly journal on Public-Private Partnerships (PPPs), which caught my attention:

Statistically, there is a near-perfect correlation between urbanization and prosperity among nations. As a country’s urban population rises by 10 percent, the country’s per capita output increases by 30 percent.