Economic Cost of China's Urbanization Lag
University of Toledo, Economics and Urban Affair Center, Working Paper
Posted: 12 Feb 2003
China lags behind the world standard in urbanization, even during its rapid economic growth period under reform. This urbanization lag implies a tremendous cost in employment and growth, approximately a loss of 75 million job opportunities and a loss of 10% of in GDP. Urgent attention and effective policies are needed to accelerate urbanization.
Keywords: China, urbanization, lag, cost
JEL Classification: O18, O15
Suggested Citation: Suggested Citation