Urbanization and the impact on economic development

Title

Urbanization and the impact on economic development

Creator

Sukanya R.; Tantia V.

Description

Urbanization is a global trend that has both positive and negative impacts on economic development. Urban areas are hubs of innovation, investment, and job creation, leading to increased productivity and economic growth. It also brings challenges such as rapid population growth, environmental degradation, and social inequality. Industrialization, closely linked to urbanization, drives economic growth but leads to environmental and social issues. Balancing the benefits of industrialization with sustainable development and social inclusion is crucial. Policymakers ensure that economic growth is shared equitably, and develop environmentally and socially sustainable. Urbanization poses challenges in terms of strained infrastructure, inadequate housing, and social exclusion. These challenges need to be addressed through comprehensive approaches, including investments in infrastructure, education, social welfare, and sustainable urban design. Government, civil society, and private sector partnerships play a vital role in promoting inclusive and sustainable economic growth. 2023, IGI Global. All rights reserved.

Source

New Perspectives and Possibilities in Strategic Management in the 21st Century: Between Tradition and Modernity, pp. 369-408.

Date

2023-01-01

Publisher

IGI Global

Coverage

Sukanya R., CHRIST University (Deemed), India; Tantia V., CHRIST University (Deemed), India

Rights

Restricted Access

Relation

ISBN: 978-166849263-5; 978-166849261-1

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/978-1-6684-9261-1.ch019

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85168061581&doi=10.4018%2f978-1-6684-9261-1.ch019&partnerID=40&md5=489e930955b5f973aba530e9d12a45f0